# Lido proposes automated revenue-funded LDO buybacks and liquidity provision

> If launched through a later on-chain vote and funded, NEST would add automated daily treasury execution, a $40 million annual revenue baseline, a daily order cap, component-level emergency pauses, and Treasury Management Committee funding and recovery powers.

- URL: https://riadefi.com/on-chain/2026-05-11-lido-nest-automated-buyback-lp-proposal/
- Type: Economic change
- Stage: Proposed
- Evidence: confirmed
- Materiality: watch
- Event date: 2026-05-11
- Version: 1, published 2026-08-22 (first published 2026-08-22)
- Advisor-relevant: no
- Affects: Lido (protocol)

## What happened

Lido opened a Snapshot proposal for NEST, a permissionless system that would use bounded staking-revenue surplus to buy LDO through CoW Swap and pair it with wstETH as DAO-owned Curve liquidity.

## What changed

If launched through a later on-chain vote and funded, NEST would add automated daily treasury execution, a $40 million annual revenue baseline, a daily order cap, component-level emergency pauses, and Treasury Management Committee funding and recovery powers.

## What did not change

The proposal did not launch or fund NEST, alter stETH rebase accounting, change withdrawals, modify node-operator allocation, or establish that audits and the later on-chain launch vote had completed.

## Confirmed

- The initial proposed mode would pair purchased LDO with wstETH in DAO-owned liquidity.
- The proposal specifies a $40 million annual revenue baseline and a daily order cap.
- Execution would be permissionless but dependent on funding and successful order settlement.
- Individual NEST components could be paused independently.
- Launching NEST would require a subsequent on-chain DAO vote.

## Still open

- The Snapshot outcome and later on-chain launch vote.
- The final audited contracts, deployed addresses, parameters, and funding amount.
- The identities and authority boundaries of keepers, pausers, oracle components, and the Treasury Management Committee.
- The effect of automated operations on treasury risk and wstETH liquidity.

## What it means for an advisor

- Monitor the final on-chain launch and deployed control configuration.
- Add NEST's trading, oracle, pause, funding, and asset-recovery roles to Lido governance diligence if executed.
- Do not infer any change to client stETH economics before the system is deployed and funded.

## Sources

1. [NEST: Automated LDO Buyback and Liquidity Provisioning](https://snapshot.org/#/lido-snapshot.eth/proposal/0x022e901a6368573d18b150eecda563dd2ee17ad2aa6a0ef9772151cc7ba55187) · Lido Snapshot · 2026-05-11


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.