Lido DAO starts voting on the NEST automated buy-back chain, and the proposed mechanism links the performance of the agreement to the LDO token

On 5 August, Lido Finance officially issued a governance update, and Lido DAO has officially opened the NEST automated buy-back mechanism to vote on the chain, with the main voting window from 5 August to 8 August at 14:00 UTC. NEST is an automated, rule-based, chain-based mechanism that directly links the performance of the Lido protocol to the LDO token, and the design and parameters were approved by the Snapshot vote in May. The core logic of NEST is to systematically repurchase LDO tokens in the decentrized market by means of negotiated income or protocol-controlled liquidity, thus continuing to capture the increase in the value of the agreement at the token level. The implementation of the mechanism will revolve around the mobility of LDO and wstETH, and the details of the implementation are still being updated in community forums. If voted in this chain, Lido will move from a repurchase programme driven by cyclical governance to a continuous and predictable automated value distribution model。