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Lido proposed to execute automatic repurchase using LDO/wstETH Liquidity.

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[Lido proposes to execute automatic repurchase with LDO/wstETH liquidity] On November 11, news from the Lido governance forum reported that community member steakhouse proposed to deploy LDO/wstETH positions in Uniswap v2 style LP through NEST, to repurchase and remove circulating LDO, with the LP held by Aragon Agent. The plan sets triggering conditions: ETH price above $3000, annual income exceeding $40 million, with the allocation being 50% of the portion above the threshold, and a single execution limit of total price impact up to 2%, rolling 12 months with a cap of $10 million. The current estimate is about $4 million annualized, with at least 12 transactions, each deploying a maximum of 100 wstETH. The process includes loading NEST through EasyTrack, purchasing LDO with Stonks v2, minting LP with wstETH, and returning LP tokens to Aragon Agent.

LDO-1.56%
ETH-2.03%
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