NEST: A Foundation for LDO Buybacks
A proposal to build a modular and future-proof system for repurchasing of LDO with stETH from the Lido DAO Treasury is now live for voting.
If approved, the first practical test buyback is expected in December 2025.
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NEST - Network Economic Support Tokenomics - is a response to ongoing LDO buyback discussions.
Whilst not a buyback proposal, NEST lays the technical groundwork for possible buyback mechanisms in the future.
Design
NEST is a modular extension of STONKS – a set of smart contracts enabling secure treasury swaps.
It has been designed to streamline stETH → LDO swaps, with LDO automatically sent to Lido DAO Treasury.
Proposal Scope
This proposal covers only the development of the NEST rails.
Activation will require a separate onchain vote.
For more information on NEST, see @_vshapovalov's breakdown in the recent LDO Tokenholder Call.
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