Lido community proposal: to use 10,000 stETH vault funds to buy back LDO

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MarsBit
03-27
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According to Mars Finance, on March 27th, the Lido ecosystem operations team posted a proposal on the community forum seeking authorization for the Lido Growth Committee to use up to 10,000 stETH from the vault to purchase LDO. The proposal states that the LDO/ETH exchange rate is currently at a historical low of approximately 0.00016, a discount of about 63% from the two-year median, indicating a disconnect from the protocol's fundamentals. The plan will be implemented in batches via the Easy Track mechanism, with each batch capped at 1,000 stETH. Execution channels include on-chain platforms (CoW Swap, 1inch, Uniswap) and centralized exchanges. Slippage will be controlled within 3%, and all purchased LDO will be returned to the vault.

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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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