Lido DAO floats $20M stETH buyback plan targeting ~8.5% of LDO supply amid "historic" price gap

Lido DAO is considering a token repurchase plan that would deploy $20 million worth of stETH to buy back roughly 8.5% of LDO's circulating supply, citing what it describes as a "historic" price dislocation. The proposal lands as more crypto protocols reassess the effectiveness of buybacks. Reporter Yogita Khatri5 recently noted that about $1.4 billion was spent on token repurchases in 2025, with results that were mixed at best.