Lido DAO Votes on NEST Automated Buyback Mechanism

Lido DAO initiates on-chain vote for NEST, an automated buyback system linking protocol revenue to LDO token value. Voting runs Aug 5-8.

Woofun AI reports that Lido DAO has initiated an on-chain vote to implement the NEST automated buyback mechanism, with the voting window open from August 5th to August 8th at 14:00 UTC. NEST is a rule-based system designed to link Lido protocol performance directly to the LDO token, utilizing protocol revenue or controlled liquidity to systematically buy back LDO on decentralized markets. The mechanism targets the LDO-wstETH liquidity pair, with specific implementation details currently being updated on the community forum. Following a Snapshot approval in May, this vote determines if Lido will transition from governance-driven buybacks to a continuous, automated value distribution model.