A 14.21% 24-hour gain and 64.5% weekly surge follow a recent SEC clarification on liquid staking rules and a detailed community-proposed LDO buyback plan, amid BlackRock's staking ETF application.
Lido’s LDO reached 1.52 USDT at 10:00 AM Beijing time on August 11, reflecting a 14.21% increase in 24 hours and a 64.5% weekly gain. The surge follows a SEC statement from August 6 clarifying that liquidity staking does not involve securities registration, a reversal from June 2024, and a dynamic LDO buyback plan proposed by community member Kuzmich, which outlines a tiered repurchase mechanism based on treasury liquidity with community feedback through late August. Additionally, BlackRock's application to integrate a staking mechanism in its spot Ethereum ETF is expected to boost Lido's market position.