Lido DAO proposes $20 million LDO buyback to boost price after 95% slide

Lido DAO has proposed a $20 million buyback of its LDO tokens in an effort to stabilize and boost the token's price, which has experienced a significant decline of 95%. The buyback aims to reduce the circulating supply of LDO and enhance its market value. This initiative comes as the decentralized finance platform seeks to regain investor confidence amid challenging market conditions. The proposal will be voted on by Lido DAO's governance community, with the outcome expected to influence the future trajectory of LDO.

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