Lido launches $10M annual LDO token buyback, triggered by $40M revenue, but daily revenue remains below threshold.

Lido has activated its automatic LDO token buyback program, called NEST, which will buy back tokens up to $10 million annually if daily staking revenue exceeds $109,000, equating to a $40 million annual baseline. However, since April, daily revenue has stayed below this threshold, delaying buybacks. The bought tokens will be held by the DAO treasury rather than burned. While the buyback size is smaller than other protocols, experts praise its dynamic design, which adjusts to market conditions. The program’s full impact depends on broader market recovery and increased staking revenue.