Lido DAO just proposed a $20M $LDO buyback using 10,000 stETH from its own treasury.

The case for it is stark: LDO trades at a 63% below its 2-year median ratio against ETH, down 95.7% from its 2021 peak, yet Lido still holds a 23.2% share of Ethereum's liquid staking market.

Execution would happen in careful 1,000 stETH batches using limit orders or DCA, with each tranche needing a separate token holder approval.

Strong governance signal.

But a vote ≠ a recovery. #Lido