This time, Lido really has the possibility to initiate the buyback of $LDO through the proposal.
Lido, as the largest LST protocol currently, has $160 million in $ETH and stablecoins in its treasury, so the community has recently proposed several proposals to discuss whether a buyback should be initiated.
In fact, this matter has been discussed for a long time and hasn't stopped for several years. Because Lido places great importance on community governance, everyone is willing to discuss, and the discussions often yield results.
Returning to the buyback proposal itself, this time the community took the lead, and subsequently, Lido co-founder Vasily Shapovalov (vsh) began exploring possibilities in the proposal and community conference call.
His general viewpoint is:
(1) The buyback is possible;
(2) The prerequisite is to wait for a clear regulatory stance (likely in the next few weeks).
Moreover, another reason we believe there is a possibility this time is that Lido, after years of development, has finally begun to break even.
In the past, Lido needed a large treasury to cover operating expenses and respond to unforeseen events. After years of operation, $stETH and $LDO governance have been running smoothly, and revenue has now returned to the right track.
That's why it's said that there is a possibility this time. If the regulatory stance is clear in Q3, then it is very likely that these issues will be clarified in Q4, allowing the community to see the buyback before the end of the year.
