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Lido DAO rebounds as NEST buyback vote proceeds, while EIP-8361 pressures LDO

Lido DAO rebounds as NEST buyback vote proceeds, while EIP-8361 pressures LDO

LDO traded near $0.29 as Lido's Aug. 8 NEST vote advanced, while analysts debated Ethereum's draft EIP-8361, a proposal that could reduce staking rewards and weigh on liquid-staking demand.

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Fact Check
The core claims are corroborated by primary and official sources. The crypto.news article confirms the LDO price figures (+5.2% 24h, -16.7% weekly). The official @LidoFinance post confirms the NEST Automated Buybacks on-chain vote running Aug 5-8 at 2 PM UTC, matching the 'Aug. 8 NEST vote.' The Lido governance forum confirms the LDO buyback mechanism funded by protocol revenue. The Ethereum Magicians thread confirms a draft Tapered Issuance Burn proposal that could reduce staking rewards and stETH demand. The only inaccuracy is the EIP number: the primary thread is titled EIP-8363, not EIP-8361, though it is the same proposal/thread. This minor labeling discrepancy does not undermine the substantive claim.
Summary

Lido DAO's LDO token recovered to around $0.29 after falling as low as roughly $0.275, but remained down about 16.7% to 18% over seven days as traders weighed Lido's Aug. 8 on-chain vote on the NEST automated buyback system against concerns over Ethereum's draft EIP-8361. NEST would direct part of Lido's eligible revenue surplus into LDO purchases and DAO-owned liquidity using the LDO-wstETH pair, with revenue above a $40 million annual staking baseline feeding the mechanism subject to a $50,000 daily limit and a $10 million rolling annual cap. At the same time, analysts said fears that EIP-8361 could lower ETH staking rewards and reduce demand for liquid-staking tokens such as stETH likely contributed to LDO's sell-off, though the proposal remains an early draft and has not been approved. Separately, analyst Crypto Patel said LDO is in a high-risk accumulation zone after a steep multiyear decline, but said the bearish structure remains in place unless the token reclaims $0.47 on a weekly close; a weekly close below $0.23 would invalidate that setup.

Terms & Concepts
  • NEST: Lido DAO's proposed Network Economic Support Tokenomics system, an automated framework that would use part of eligible protocol revenue surplus to buy LDO and build DAO-owned liquidity.
  • EIP-8361: A draft Ethereum proposal, also called Tapered Issuance Burn, that would burn a growing share of validator issuance rewards as the staking ratio rises, potentially reducing staking yields.
  • wstETH: Wrapped staked Ether used in DeFi, representing Lido's stETH in a form designed for broader on-chain integrations and liquidity pools.