Governance member Steakhouse proposes repurchasing and burning LDO using LDO/wstETH LP positions via NEST, contingent on market and revenue milestones, with potential start in Q1 2026.
Lido governance participant Steakhouse has proposed using LDO/wstETH liquidity positions through NEST in Uniswap v2 to repurchase and burn LDO tokens. The plan sets trigger conditions of ETH prices above $3,000 and annual revenue exceeding $40 million, with a 12-month cap of $10 million for buybacks. If approved by Lido DAO members, implementation could begin in the first quarter of 2026.