Lido just proposed enshrined buybacks. A day after Uniswap’s much bigger governance overhaul, I can see that some people are struggling to compare the two, so here is what Lido’s proposal is all about, why it’s great for LDO holders, and how it compares to Uniswap’s.
(Note:

Manta
@MantaRayCapital
11-12
A buyback for ants?
Lido proposes a ~$4m / year $LDO buyback (capped at $10m / year if all conditions are met)
For being posted a day after Uniswap’s, it’s nothing alike… No retroactive burn, no corporate restructuring, no real alignment
40x P/E at a $4m / year buyback x.com/lidofinance/st…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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