BlockBeats News, August 5th, Lido Finance officially announced a governance update. The Lido DAO has initiated an on-chain vote to implement the NEST automated buyback mechanism. The voting window is open from August 5th to August 8th at 14:00 UTC. NEST is a rule-based on-chain mechanism that directly links the performance of the Lido protocol to the LDO token. The related design and parameters were approved through a Snapshot vote in May.

The core logic of NEST is to systematically buy back the LDO token on decentralized markets using protocol revenue or protocol-controlled liquidity, allowing continuous capture of protocol value growth at the token level. The mechanism will focus on the LDO-wstETH liquidity pair, and specific implementation details are still being updated on the community forum. If this on-chain vote is successful, Lido will transition from a governance-driven buyback scheme to a continuous, predictable automated value distribution model.