Lido Community proposes to use 10,000 stETH treasury funds to repurchase LDO

The Lido ecosystem operations team issued a proposal in a community forum seeking to authorize the Lido Growth Committee to use up to 10,000 stETH from its treasury to purchase LDOs. The proposal states that the LDO/ETH exchange rate is currently at a historical low of about 0.00016, about 63% discount to the two-year median, which is out of touch with the fundamentals of the agreement. The plan will be implemented in batches through the EasyTrack mechanism, with a maximum of 1000 stETH per batch. Execution channels include on-chain platforms (CoWSwap, 1inch, Uniswap) and centralized trading platforms. Trading slips will be controlled within 3%, and all purchased LDOs will be returned to the vault.