Lido Proposal: To Use Up to 10,000 stETH to Buy Back LDO

According to the Lido community forum, the Lido Growth Committee has proposed authorizing the use of up to 10,000 stETH from the Lido DAO treasury to purchase LDO in batches through on-exchange and off-exchange channels. Currently, the LDO/ETH ratio is approximately 0.00016, a discount of about 63% from the two-year median of 0.00043, while the protocol's net return has only decreased by about 20% during the same period. Regarding the execution mechanism, each batch is capped at 1,000 stETH, with a price cap and a maximum slippage tolerance threshold of 3%. A report must be published on the forum after each batch is completed before the next batch can be initiated. Trading channels include on-chain CoW Swap, 1inch, Uniswap, and centralized exchanges such as Binance, OKX, and Bybit, and market makers are allowed to be delegated for execution. All purchased LDO will be returned to the DAO treasury, and holders cannot participate in any governance voting during the holding period. The proposal identifies key risks including front-running attacks, smart contract vulnerabilities, market volatility, and CEX fund freezes, and mitigates these risks through mechanisms such as decentralized execution channels, setting strict thresholds, and retaining the DAO's ability to terminate authorization at any time.