Lido launches NEST automated LDO repurchase mechanism, with an annual repurchase limit of $10 million
--
Lido has launched the NEST automated LDO repurchase mechanism. When the DAO staking income surplus exceeds the benchmark of $40 million, 50% of the surplus will be automatically bought into LDO through CoW Swap; If the income falls below the baseline, the shortfall must be made up by subsequent earnings, with a daily purchase limit of $50000 and an annual limit of $10 million. The purchased LDO belongs to DAO.