Lido DAO Token

24h change: -1.63%. From $0.3748 to $0.3687.

• Lido DAO initiated a Snapshot vote to temporarily reduce the first-loss protection threshold for the EarnETH vault in response to potential losses from the Kelp incident. Losses are projected below 1% if settled through the DeFi United relief fund. This one-time change prioritizes making depositors whole and upholds user confidence in Lido's products.
• Aave-led DeFi United relief effort has secured over $300 million, including Lido's proposed 2,500 stETH, to restore rsETH backing affected by the $292M Kelp DAO exploit. Contributions from , LayerZero, and others aim to mitigate bad debt on Aave. The initiative underscores cross-protocol collaboration to manage DeFi risks.

24h change: -5.85%. From $0.3926 to $0.3697.

• Lido DAO members are considering a temporary change to the first-loss fund rules for the EarnETH strategy to compensate for losses linked to the Kelp rsETH security breach. The adjustment would apply only to this incident, covering about 400-600 ETH without altering standard thresholds or adding new funds. This reflects Lido's role in broader DeFi recovery efforts following the April 18 exploit.
• The Lido DAO approved a one-time $20 million buyback of LDO tokens using treasury stETH, sparking a 30% monthly price rally despite DeFi market weakness. This addresses LDO's sharp decline from all-time highs and reinforces governance confidence. The initiative uses up to 10,000 stETH to repurchase and burn tokens.

24h change: -1.43%. From $0.3977 to $0.392.

• Lido DAO proposed up to 2,500 stETH about $5.8 million to cover the rsETH deficit caused by the Kelp exploit on April 18. This supports DeFi United's effort which raised over 100,000 ETH to restore backing and stabilize markets. EarnETH deposits remain paused until resolution testing Lido's first-loss buffer.
• Lido DAO approved a one-off $20 million LDO buyback using treasury stETH after token hit near all-time lows. The move led to a 14-17% price surge over the weekend making LDO a top performer. Trading volume spiked amid the rally before recent pullback.

24h change: +2.57%. From $0.3833 to $0.3932.

• The Lido DAO approved a $20 million buyback of LDO tokens using treasury stETH near all-time lows, sparking a 30% price rally that outperformed the broader DeFi sector downturn. This one-off program aims to enhance token value and liquidity. It demonstrates proactive governance to support the ecosystem during market weakness.
• After the Kelp DAO LayerZero bridge exploit minted 116,500 unbacked rsETH, DeFi United raised over $300 million including Lido's proposed 2,500 ETH contribution to refill backing and stabilize markets. The Lido DAO proposal passed main voting and enters objection phase ending April 28. This coordinated response aims to unfreeze Aave and other lending markets and restore confidence in liquid staking derivatives.
• The April 18 Kelp DAO exploit led to DeFi contagion with rsETH used to borrow heavily on Aave, prompting freezes and relief plans. Lido alongside Aave, , and others committed funds to normalize rsETH oracle and clear positions. Resolving this supports broader liquid staking and lending health.

24h change: +0.37%. From $0.387 to $0.3884.

• DeFi leaders including Lido responded to the April 19 Kelp DAO $292 million exploit by forming DeFi United relief fund. Lido paused earnETH vault with rsETH exposure and proposed up to 2,500 stETH about $5.8 million to cover shortfalls. Core stETH staking remains secure unaffected.
• Lido DAO approved using up to 10,000 stETH from treasury to buyback LDO near all-time lows set in March. The one-time program utilizes market opportunities to acquire tokens cheaply. It supports governance and coincides with price rise from $0.27 lows.