Lido Ecosystem Foundation posted a proposal 1 hour ago on the governance forum, suggesting that the LDO price is too low relative to the ETH price. They plan to allocate up to 10,000 stETH ($1988 ten thousand ) from the DAO treasury to buy back LDO. At the current price of $LDO $0.28, 10,000 stETH ($1988 ten thousand ) can buy approximately 70 million LDO tokens. That's about 7% of the total LDO supply.

LDO3.19%

ETH-3.86%

STETH-3.85%

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