# LidoDAOProposes20MBuyback.

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#LidoDAOProposes20MBuyback
It marks a significant development in the DeFi sector, as one of Ethereum’s largest liquid staking protocols moves to actively address the disconnect between its token valuation and underlying fundamentals. The proposal outlines a plan to deploy up to 10,000 stETH from the DAO treasury, equivalent to roughly 20 million dollars, to repurchase LDO tokens from the open market. This initiative reflects a strategic attempt to stabilize the token’s price and restore confidence among investors.
At the core of this proposal is the recognition that LDO has been trading at hi

ETH3,17%

STETH3,13%

LDO4,35%

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# LidoDAOProposes20MBuyback.

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