Part 5/11:
Lido, a dominant Ethereum liquid staking platform with over $26 billion in TVL, announced plans for an automated buyback mechanism through its Nest system—promising to buy back 350,000 LDO tokens each time two specific criteria are met: ETH price exceeding $3,000 and Lido’s annualized revenue surpassing $40 million.
The buybacks would be triggered with a cap of $10 million annually, and the purchased tokens would be added to a liquidity pool rather than burned, meaning the supply reduction would be less direct. Still, the increased trading activity and potential market demand could push LDO’s price upward.