Lido NEST Activates Annual Purchase Limit of $10 Million

Lido's (LDO) automatic purchase mechanism NEST was fully activated on August 14. While the annual limit of $10 million has been opened, actual purchases will only be executed once accumulated excess profits are available. Dual Governance Proposal #13 has been implemented, and NEST is now fully operational. The purchased LDO will either be burned or will not enter the LDO/wstETH liquidity position, and in the treasury-only mode, the purchased amount will move to the Lido DAO treasury. NEST is a rule-based on-chain device that connects Lido protocol revenue with LDO, and it was described in the May 2026 update as a mechanism that directly links NEST to protocol performance and LDO. The key conditions include a baseline of $40 million in annual revenue, allocation of 50% of the excess, a daily execution limit of $50,000, and an annual limit of $10 million. The Lido revenue screen displayed a 24-hour revenue of $61,455, a 7-day revenue of $442,991, and an annualized revenue of $73,560,000. The launch method has changed from LP mode to treasury-only mode, and governance participants have provided various opinions. The exact timing of the first actual purchase has not yet been confirmed.

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