Lido DAO weighs a one-off $20M LDO buyback using 10,000 stETH from treasury

Lido DAO is reviewing a proposal submitted Friday to spend $20 million worth of treasury assets on a one-time LDO buyback via swapping 10,000 stETH. LDO was reported at $0.30 with a $255 million market cap, down 95.9% from its $7.30 peak in August 2021, while Lido still holds 23.2% of staked Ether on Ethereum.