TechFlow, September 26 — Snapshot shows Lido has launched a modular system proposal called NEST regarding using stETH to repurchase LDO from the treasury. The vote is currently live with 100% support and will close on September 30. The first functional version of the proposal is expected to launch by December 2025, paving the way for future buyback mechanisms.
NEST is a modular extension of STONKS designed to streamline the exchange between stETH and LDO, with LDO automatically sent to the Lido DAO treasury. The current proposal covers only NEST development; activation will require a separate on-chain vote. If approved, further research, timelines, and detailed designs will follow. Core contributors will continue discussing the buyback mechanism.
