Lido DAO is considering a one-time repurchase of up to 10,000 stETH tokens (approximately $20 million) from the treasury to buy back its native token LDO. Currently, LDO's trading price is discounted by as much as 70% relative to its fair value. The proposal points out that LDO's price is disconnected from its protocol fundamentals and mentions that the token recently hit a historic low. This repurchase is independent of the planned NEST automatic buyback program and aims to complete the buyback more quickly, with an estimated repurchase of about 8% of the circulating supply of LDO.

STETH-0,92%
LDO-3,54%
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