The Lido ecosystem operations team proposes to use up to 10,000 stETH from the treasury to purchase LDO.

Techub News, the Lido ecosystem operations team has posted a proposal on the community forum, seeking authorization for the Lido Growth Collective to use up to 10,000 stETH from the treasury to purchase LDO, in order to capitalize on current market opportunities. The proposal points out that the LDO/ETH exchange rate is currently at a historical low of around 0.00016, representing a discount of approximately 63% compared to its two-year median, which is disconnected from its protocol fundamentals. After the LDO accumulation is completed, it will be returned to the treasury, and the Growth Collective will provide a comprehensive execution report.