🚀 Lido DAO Proposes $20 Million LDO Buyback Amid Undervaluation Concerns
#LidoDAO #LDO #Buyback #Cryptocurrency #StETH #TokenUndervaluation #Blockchain #CryptoNews
Lido DAO has put forward a proposal for a one-time buyback of $20 million worth of its governance token, LDO, by exchanging 10,000 stETH from its treasury. According to NS3.AI, the initiative aims to address the perceived undervaluation of the token. The buyback plan is structured to occur in batches of 1,000 stETH, with each batch necessitating approval from tokenholders and post-trade reporting before proceeding with further execution.#LidoDAO #LDO #Buyback #Cryptocurrency #StETH #TokenUndervaluation #Blockchain #CryptoNews