Lido proposes one-off buyback of ~8.5% of LDO supply using 10,000 stETH

Lido has proposed a one-time buyback of about 8.5% of LDO’s circulating supply, funded by 10,000 stETH from the Lido DAO Treasury. At $2,000–$2,100 per stETH, the allocation equals roughly $20–$21 million and would purchase around 70 million LDO if approved. The move comes as Lido argues LDO has lagged ETH sharply, while whale wallets have sold nearly 80 million LDO since the October crash.