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Lido’s buybacks won’t fix the bigger problem

Lido has introduced a $4 million annual buyback plan alongside a roadmap to diversify beyond staking. Despite this initiative, concerns about sustainable value creation are growing as prominent BTC treasuries struggle, with Strategy (formerly MicroStrategy) trading below its market net asset value (mNAV) for the first time since early 2024.

Lido’s buybacks won’t fix the bigger problem

Lido has introduced a $4 million/year buyback plan to enhance value for LDO holders, coinciding with its expansion beyond staking. However, the effectiveness of this buyback strategy is in question, especially given that Lido operates at a loss and only plans to buy back tokens when ETH prices and

Lido’s buybacks won’t fix the bigger problem

Lido recently introduced a buyback plan valued at approximately $4 million per year and aims to expand beyond just staking. As the market faces pressure, with BTC and tech stocks declining, scrutiny has emerged around companies using treasury models for BTC accumulation. Specifically, Strategy (MSTR) and similar entities have seen

Lido’s buybacks won’t fix the bigger problem

Lido has initiated a ~$4 million annual buyback plan in an attempt to improve its standing, coinciding with a roadmap that aims to expand beyond staking services. However, the overall market sentiment remains cautious, particularly as Strategy (MSTR) has seen its shares drop below the mNAV of 1, raising doubts

Lido’s buybacks won’t fix the bigger problem

Lido has launched a buyback program worth approximately $4 million per year, which coincides with a roadmap aimed at evolving the protocol beyond staking. Despite this initiative, there are concerns about its effectiveness, especially since other BTC treasury companies are seeing their market net asset value (mNAV) drop significantly. As

Lido’s buybacks won’t fix the bigger problem

Lido has initiated a buyback plan worth approximately $4 million per year alongside a roadmap to diversify its services beyond staking. This comes as concerns arise over the declining market value of treasury companies like Strategy, which is trading below an mNAV of 1 for the first time since early

Lido’s buybacks won’t fix the bigger problem

Lido has introduced a buyback plan of approximately $4 million annually, alongside a roadmap that aims to transition the protocol from exclusive staking to broader financial applications. Despite this, concerns over the viability of BTC treasury companies have surfaced, especially as Strategy trades below a market net asset value (mNAV)