Lido, on-line automatic buy-back mechanism, with the governance programme setting a repurchase ceiling

Wu stated that it had been informed that Lido had announced that its LDO automatic buy-back mechanism, Nest, was officially on-line. When Lido DAO pledge income is above the annual benchmark of approximately $40 million and the accumulated surplus is positive, Nest will automatically use part of the surplus to repurchase the LDO if there is a shortfall in income before repurchase. The governance programme established a 50 per cent share of the surplus, a maximum of $50,000 per day and an annual maximum of $10 million for repurchases, all of which were owned by DAO。