The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more
The LDO token is down 95.9% from its all-time high, with a $255 million market cap, even as Lido’s staking protocol still accounts for the largest share of staked Ether at 23.2%.Lido’s decentralized autonomous organization is considering a one-off $20 million buyback of its governance token to address so-called price dislocation, which is at “historically depressed levels” relative to Ether, according to the DAO.
Friday, seeks permission to swap 10,000 Lido Staked Ether tokens, currently worth $20 million from the DAO’s treasury for Lido DAO ( “This is not a routine fluctuation. It represents one of the most significant dislocations between LDO’s market price and its underlying protocol fundamentals in the token’s history.” A token buyback of this size could boost the price of the token, which has fallen roughly 96% from its all-time high. In November, a Lido DAO member pitched an automated buyback mechanism for LDO to improve the token’s price. However, that proposal hasn’t been implemented.This is despite the protocol holding the top spot of the Ethereum liquid staking market, with a 23.2% share of staked Ether, according to Dune Analyticsto CoinGecko data. LDO’s $255 million market cap makes it the 141st largest token by value at the time of writing. “That dislocation is not justified by a proportional deterioration in protocol performance,” Lido DAO said. Lido DAO proposed buying up to 10,000 stETH in smaller batches of 1,000 to buy LDO. Lido DAO said it would use limit orders or adopt a dollar-cost averaging strategy to avoid market volatility. After each batch, results would also need to be reported before continuing execution further.costs improved 13% in 2025 compared with 2024 and Lido’s take rate rose from 5% to more than 6.1%, enhancing fee capture.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Liverpool, Aston Villa and Sunderland Battle to Sign Defender Permanently for €20MThe Added Minutes newspaper has revealed the great rumor that Premier League teams like Liverpool and Aston Villa are closely following Lutsharel Geertruida, who has made headlines from Sunderland with his positive performance in the current season.
Read more »
Cardano (ADA) at Make-or-Break Level: Potential Targets From HereCardano is currently hovering near a key level that remains determinant for its price action.
Read more »
Netflix Announces Price Hikes Across All Subscription Plans for U.S. CustomersNetflix is increasing prices for its streaming services in the U.S. across all plans, representing the second price increase within a year. The Standard plan is set to increase by approximately 10 percent, with new subscribers immediately affected and current subscribers seeing the changes on their next bill.
Read more »
How to navigate the maze of drug discounts to get the best price In February, TrumpRx joined a growing list of websites consumers can tap for discounts on their medicines. Here's a cheat sheet for getting the best deal.
Read more »
XRP price: What next for Ripple-linked token as weak price action creates unstable setupFunding spikes and liquidations point to positioning build-up, with direction hinging on whether buyers can defend support.
Read more »
Sunderland Revive Interest in Leicester City Star with €20M Summer Move PlannedThe Football Insider newspaper has revealed Sunderland's interest in Leicester City striker Abdul Fatawu, as they failed to sign him in January but hope to do so in the summer transfer window.
Read more »