Lido is considering a **$20 million buyback**. The plan is to use up to 10,000 stETH to purchase LDO, approximately 8% of its circulating supply. Meanwhile, the LDO/ETH exchange rate is currently around 0.00016, meaning it's about 70% lower than historical levels. The protocol still dominates the liquidity staking space, with stable revenue and good usage, but its price has fallen sharply along with the ETH beta sector. My view: This is a classic case of a divergence between fundamentals and market sentiment. If the DAO intervenes now and absorbs market supply, insiders will see value that the market has overlooked.