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Lido
2026-08-15 05:19:52

Lido launches NEST auto-buyback plan for LDO with a $10 million rolling annual cap

Lido has unveiled NEST, an automated LDO buyback mechanism that ties protocol revenue more directly to token accumulation. Under the framework, once Lido’s annualized staking revenue rises above a $40 million baseline, 50% of the excess will be allocated to NEST and used to buy LDO automatically through CoW Swap. The system starts with a daily repurchase cap of $50,000 and a rolling 365-day cap of $10 million, calculated on a cumulative basis. If protocol revenue falls short and the running balance turns negative, buybacks will stop automatically until future revenue restores the surplus. At launch, NEST will run in Treasury mode, meaning purchased LDO will go to the DAO treasury rather than being burned. Lido also said the mechanism could later switch to an LP mode through DAO voting, where half of the funds would buy LDO and the other half would be converted into wstETH before both are deposited into a Curve liquidity pool. Backtesting by Lido showed that applying the mechanism to roughly $94.18 million in total reward revenue from 2024 to 2025 would have produced about $7.09 million in cumulative buybacks.

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Lido launches NEST auto-buyback plan for LDO with a $10 million rolling annual cap
Lido DAO
2026-08-14 12:14:10

Lido DAO outlines NEST model tying protocol revenue to LDO buybacks

Lido DAO has published an overview of NEST, short for Network Economic Support Tokenomics, a mechanism designed to connect protocol revenue with the value of the LDO token through onchain automation. Under the framework, when revenue from Lido’s staking business rises above a preset benchmark, part of the excess income will be swapped into LDO via CoW Swap, creating a recurring buyback flow. The stated goal is to give LDO holders a more direct way to share in the protocol’s growth. According to the initial parameters released by Lido DAO, the NEST revenue benchmark is set at an annualized $40 million, or about $109,000 per day. Of revenue above that threshold, 50% will be allocated to LDO buybacks. The mechanism also includes a daily buyback cap of $50,000 and a rolling 365-day cap of $10 million. Buybacks are set to run daily through a permissionless onchain process. At launch, NEST will begin in Treasury-only mode, with purchased LDO sent directly to the DAO treasury. Lido DAO said the system could later switch, through an onchain vote and if market conditions are suitable, to an LP mode in which half the funds would buy LDO and the other half would be converted into wstETH to provide liquidity on Curve.

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Lido DAO outlines NEST model tying protocol revenue to LDO buybacks
Lido DAO
2026-08-05 15:19:07

Lido DAO opens on-chain vote for NEST auto-buyback, proposes treasury-only launch mode

Lido DAO has opened the on-chain voting window for “NEST: Auto-Buyback,” with the main voting phase running from Aug. 5 to Aug. 8 at 22:00. The mechanism is designed to create an on-chain link between Lido protocol performance and LDO, and its design and parameters had already been approved through a Snapshot vote in May. According to the Lido governance forum, the rollout is now proposed under a “Treasury Only Mode” rather than the previously approved “LP Mode.” Under the plan, NEST would use Stonks v2 and CoW Swap to sell a portion of DAO-held stETH and buy LDO. In treasury-only mode, 50% of the acquired LDO surplus would be transferred directly to the DAO treasury, while LP mode would have directed 50% of surplus into the LDO/wstETH Curve v2 pool. The team said additional modeling showed LP mode had limited use cases, and no audit report currently covers the specific Curve version deployed on-chain. NEST has an annual spending cap of $10 million, and the related contracts were audited and deployed to mainnet in July.

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Lido DAO opens on-chain vote for NEST auto-buyback, proposes treasury-only launch mode