Lido: The proposal related to the NEST system, which aims to establish a technical foundation for the repurchase of LDO Token, has opened for voting.

PANews, September 25th news, according to the official announcement from Lido, the proposal for constructing the modular system NEST is now open for voting. This system aims to utilize stETH in the Lido DAO treasury to repurchase LDO. If the proposal is approved, the first actual repurchase test is expected to be conducted in December 2025. NEST is a response to the current discussions on LDO repurchases. Although NEST is not a repurchase proposal, it lays the technical foundation for potential repurchase mechanisms in the future. Its design aims to simplify the stETH→LDO exchange process, and the LDO obtained from the exchange will be automatically sent to the Lido DAO treasury. This proposal only covers the development of the NEST architecture. The activation of the architecture will require a separate on-chain vote. If the proposal is approved, research, a timetable, and a detailed design plan will be promptly initiated.