Lido DAO proposes $20 million LDO buyback as token trades at 70% discount to two-year median
Lido DAO proposed spending up to 10,000 stETH to buy its own governance token at what it calls a historically depressed valuation. That works out to roughly $20 million at current ether prices near $2,000. The problem is where to spend it. Onchain LDO liquidity sits at about $90,000 of depth at plus-or-minus 2%, according…