Lido community proposal: plan to use 10,000 stETH treasury funds to repurchase LDO

robot
Abstract generation in progress

Golden Finance reports that on March 27, the Lido ecosystem operations team released a proposal on the community forum seeking authorization for the Lido Growth Committee to use up to 10,000 stETH from the treasury to purchase LDO.
The proposal states that the LDO/ETH exchange rate is currently at a historical low of about 0.00016, which represents a discount of approximately 63% compared to the two-year median, indicating a disconnection from its protocol fundamentals. This plan will be executed in batches through the Easy Track mechanism, with a limit of 1,000 stETH per batch. Execution channels include on-chain platforms (CoW Swap, 1inch, Uniswap) as well as centralized exchanges. The transaction slippage will be controlled within 3%, and all obtained LDO will be returned to the treasury.

STETH-3.25%
LDO3.64%
ETH-3.48%
1INCH-5.06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin