Gate News message, April 16 — Lido’s growth committee multisig wallet received 4.82 million LDO, valued at approximately $1.81 million, early today (April 16), according to on-chain analyst Ember. The funds came from a major CEX and are reportedly intended for LDO buyback execution. The wallet also received an additional 4.82 million LDO from market maker Portofino.
Lido approved a proposal three days ago (April 13) to use up to 10,000 stETH for LDO buybacks. The growth committee then disclosed the execution parameters for its first buyback of 1,000 stETH two days ago (April 14).
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