BlockBeats news, on March 27, the Lido ecosystem operations team released a proposal in the community forum, seeking authorization for the Lido Growth Committee to use up to 10,000 stETH from the treasury to purchase LDO.
The proposal states that the LDO/ETH exchange rate is currently at a historical low of approximately 0.00016, representing a discount of about 63% compared to the two-year median, indicating a disconnection from its protocol fundamentals. The plan will be executed in batches through the Easy Track mechanism, with a cap of 1,000 stETH per batch. Execution channels include on-chain platforms (CoW Swap, 1inch, Uniswap) as well as centralized exchanges. Trading slippage will be controlled within 3%, and all acquired LDO will be returned to the treasury.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
