Lido DAO proposes a one-time buyback of LDO worth $20 million as the token price hovers near its historical low
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```htmlJinse Finance reported that on March 30, the Lido DAO ecosystem operations team proposed to use up to 10,000 stETH (approximately $20 million) from the DAO treasury to buy back LDO tokens, stating that the current valuation is at a historic low. Based on current prices, this buyback could absorb around 8% of LDO’s circulating supply. The proposal is independent from Lido’s NEST automated buyback program, which has not yet been triggered under current market conditions. On March 7, LDO fell to a historic low of $0.27, and it is currently trading at around $0.31.```
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