Historical low! Lido DAO splashes $20 million to buy back LDO, is it going to pump?
Ethereum's largest staking protocol Lido steps in to save the market! Proposing to buy back LDO with 10,000 stETH (approximately $20 million) in one go.
LDO just hit a historical low of $0.27, currently around $0.31. The buyback will consume about 8% of the circulating supply, separate from NEST's automatic buyback.
The DAO stated: the price is severely misaligned with the fundamentals. Can DeFi blue chips reverse with the buyback?
#Lido $LDO #回购
Ethereum's largest staking protocol Lido steps in to save the market! Proposing to buy back LDO with 10,000 stETH (approximately $20 million) in one go.
LDO just hit a historical low of $0.27, currently around $0.31. The buyback will consume about 8% of the circulating supply, separate from NEST's automatic buyback.
The DAO stated: the price is severely misaligned with the fundamentals. Can DeFi blue chips reverse with the buyback?
#Lido $LDO #回购
