$LDO The project party has started to buy back its own tokens

Recently, Lido proposed a plan to use up to 10,000 stETH to buy back LDO. They believe that the current LDO/ETH exchange rate is at a historical low, roughly 60% of the median level over the past two years, which is clearly somewhat disconnected from the fundamentals.

The execution involves buying back in batches, with a maximum of 1,000 stETH each time, using channels like CoW Swap, 1inch, and Uniswap, with slippage controlled within 3%. The LDO bought back will not be destroyed, but returned to the treasury, waiting for the next bull market to sell.

Currently, this proposal has not been finally approved, but the signal is already very clear; Lido believes that the current LDO is undervalued and can be bought in batches.

LDOUSDT

Perp

0.3188

+4.01%