Lido has activated its automatic LDO token buyback program, known as NEST, with a daily limit of $50,000 and an annual cap of $10 million. The program is triggered only when daily staking revenue exceeds $109,000, with 50% of the excess directed to buybacks. Currently, the protocol generates approximately $75,000 in daily revenue, well below the trigger threshold, meaning the buyback mechanism remains largely inactive since April. The bought tokens will be held by the DAO treasury rather than burned. LDO has defended the $0.28 support level but remains below key moving averages.
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