PANews reported on September 25th that according to an official Lido announcement, a proposal to build a modular system, NEST, is now open for voting. This system aims to use stETH in the Lido DAO treasury to repurchase LDO. If the proposal is approved, the first actual repurchase test is expected to take place in December 2025. NEST is a response to the current LDO repurchase discussion. While NEST is not a repurchase proposal, it lays the technical foundation for a possible future repurchase mechanism. It is designed to simplify the stETH to LDO conversion process, and the LDO obtained from the conversion will be automatically sent to the Lido DAO treasury. This proposal only covers the development of the NEST architecture. Activation of the architecture will require a separate on-chain vote. If the proposal is approved, research will be carried out immediately, and a timetable and detailed design plan will be developed.PANews reported on September 25th that according to an official Lido announcement, a proposal to build a modular system, NEST, is now open for voting. This system aims to use stETH in the Lido DAO treasury to repurchase LDO. If the proposal is approved, the first actual repurchase test is expected to take place in December 2025. NEST is a response to the current LDO repurchase discussion. While NEST is not a repurchase proposal, it lays the technical foundation for a possible future repurchase mechanism. It is designed to simplify the stETH to LDO conversion process, and the LDO obtained from the conversion will be automatically sent to the Lido DAO treasury. This proposal only covers the development of the NEST architecture. Activation of the architecture will require a separate on-chain vote. If the proposal is approved, research will be carried out immediately, and a timetable and detailed design plan will be developed.
Lido: NEST proposals, a system designed to establish the technical foundation for LDO token buybacks, are now open for voting.
2025/09/25 20:46
PANews reported on September 25th that according to an official Lido announcement, a proposal to build a modular system, NEST, is now open for voting. This system aims to use stETH in the Lido DAO treasury to repurchase LDO. If the proposal is approved, the first actual repurchase test is expected to take place in December 2025. NEST is a response to the current LDO repurchase discussion. While NEST is not a repurchase proposal, it lays the technical foundation for a possible future repurchase mechanism. It is designed to simplify the stETH to LDO conversion process, and the LDO obtained from the conversion will be automatically sent to the Lido DAO treasury. This proposal only covers the development of the NEST architecture. Activation of the architecture will require a separate on-chain vote. If the proposal is approved, research will be carried out immediately, and a timetable and detailed design plan will be developed.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
The Teucrium XRP ETF went live because the SEC let its deadline expire during the shutdown
The Teucrium XRP ETF became active not because the Securities and Exchange Commission approved it, but because the agency let the clock run out during a shutdown. This happened as the SEC announced that:- “Effective October 1 and until further notice, the agency will have a very limited number of staff members available. The SEC […]
Share
Cryptopolitan2025/10/04 13:30
Share
Vietnam's central bank expects credit growth to drive liquidity into cryptocurrency markets
PANews reported on October 4th that Cointelegraph, citing Reuters, reported that the State Bank of Vietnam (Bank of Vietnam) expects credit growth to reach around 20% in 2025. With the increasing adoption of cryptocurrencies in the region, this move could lead to liquidity flowing into the global cryptocurrency market. Pham Thanh Ha, Deputy Governor of the Bank of Vietnam, said on Friday that further interest rate cuts are needed to promote economic growth and ease the uncertainty brought about by the US tariff increase. Vietnam’s government legalized cryptocurrencies in June as part of a broader tech regulatory initiative that categorized cryptocurrencies into virtual assets representing tokenized real-world products and crypto assets like Bitcoin and Ether. However, under the new cryptocurrency regulations and its five-year sandbox pilot program, which launched in September, the government prohibits the issuance of on-chain fiat-backed assets, including stablecoins and securities.
Share
PANews2025/10/04 13:17
Share
Samsung & Coinbase: Explosive Crypto Adoption in 2025
Samsung just made a big move into cryptocurrency by adding Coinbase right into its wallet app for users in the United States. This lets the 75 million people with Galaxy devices buy crypto easily through Samsung Pay. The whole partnership focuses on making investments simpler and safer, all in one spot. Samsung Simplifying Crypto Investment […]
Share
Tronweekly2025/10/04 13:30
Share