Lido may actually launch a buyback $LDO through a proposal this time. Lido, as the largest LST protocol at present, has $160 million in $ETH and stablecoins lying in its treasury, so the community has recently put forward several proposals to discuss whether it should launch a buyback. In fact, this matter has been discussed for a long time, and it has not stopped a few years ago. Because Lido attaches great importance to community governance, people are willing to discuss, and what is discussed often comes to fruition. Coming back to the buyback proposal itself, this time the community took the lead, followed by Lido co-founder Vasily Shapovalov (vsh) starting to explore the possibilities during the proposal and community call. His general view is: (1) There is drama; (2) The precondition is to wait for the regulatory attitude to be clear (probably in the next few weeks) Moreover, another reason why I judge this drama is that Lido has finally begun to break even after years of development. In the past, Lido needed a large treasury for operational expenses and to respond to unforeseen events. After Lido went live, $stETH and $LDO governance ran smoothly, and now revenue is back on track. That's why I said this time it's possible. If Q3's regulatory attitude is clear, then Q4 is likely to discuss these issues clearly, allowing the community to see buybacks before the end of the year.
Show original
31.62K
21
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.