LDOLDOLido DAO
$0.26
24h
-13.51%
Camran KhosraviCamran Khosravi
14 Aug, 20:16

Lido NEST mechanism drives LDO buybacks

Bullish-10.73%

AI Summary

The author views Lido's new NEST mechanism as ushering in a revenue-buyback era for crypto, implying a bullish outlook on LDO through automatic token buybacks from staking revenue.

Lido's new NEST mechanism automatically buys ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32 with 50% of any staking revenue above a $40M/year baseline. We've entered the revenue-buyback era of crypto

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