Gate News message: After Lido DAO saw the LDO price hit a historic low, it is now again discussing a token buyback plan. On Tuesday, data showed the LDO price rebounded from $0.27 to $0.32, up about 18%, drawing market attention. This marks the second time in five months that Lido has put forward a buyback proposal, aimed at easing investors’ concerns about the value of governance tokens.
Lido DAO is currently the second-largest protocol on Ethereum, with user deposits nearing $19 billion. Despite business success, the LDO token price has fallen to a historic low, prompting the community to question the governance token economic model. Some members have pointed out that LDO is mainly voting power rather than a dividend-paying stock, so its price depends more on the purchasing willingness of subsequent buyers.
In November last year, Steakhouse Financial proposed an automatic buyback plan, but it failed to pass. The latest proposal was put forward by the Lido ecosystem foundation. It plans to use up to 10,000 staked ether, roughly $20 million, for a one-time token buyback. The foundation said this is meant to take advantage of a market opportunity where the LDO price is seriously disconnected from the protocol’s fundamentals, and is not an add-on or replacement for the prior buyback plan.
This buyback proposal has gained community support, reflecting that DAO members want to stabilize the market and boost investor confidence through direct measures. Some members believe that using idle staked Ethereum for a buyback of LDO is a sensible move that can help alleviate the phenomenon of market undervaluation.
However, the market is still watching to see whether the LDO price rally is sustainable. Analysts noted that this upswing may only be a short-term rebound, and long-term value will still depend on how attractive the governance token model is and how the Ethereum staking share recovers. How the Lido DAO executes future strategy and how the market responds will be key factors determining the direction of the LDO price.
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