Lido DAO Launches NEST Automated Buyback Chain Vote, Ties Protocol Performance to LDO Token

ChainCatcher report: Lido Finance has officially launched on-chain voting for the NEST automated buyback mechanism. The main voting window runs from August 5 to August 8, 14:00 UTC. NEST is an automated, rules-based on-chain mechanism that directly links Lido Protocol’s performance to the LDO token; its design and parameters were approved via Snapshot voting in May. The core logic of NEST is to systematically repurchase LDO tokens on decentralized markets using protocol revenue or protocol-controlled liquidity, thereby continuously capturing protocol value growth at the token level. Implementation will focus on the LDO-wstETH liquidity pair, with further implementation details continuously updated on the community forum. If approved, this on-chain vote will transition Lido from periodic, governance-driven buyback initiatives to a continuous, predictable, automated value distribution model.