Crypto
Lido DAO Price Rebounds Amid Concerns Over Ethereum Staking Changes
Lido DAO's price rebounded by over 5% on Thursday after briefly falling to $0.2757, following concerns about Ethereum's proposed staking changes.
The token remains down approximately 16.7% over the past week but has gained around 5% monthly.
The NEST automated buyback system vote continues until August 8 at 2:00 p.m. UTC, with Lido DAO's future revenue potentially linked to its price.
EIP-8361, a proposal that would burn a growing portion of validator issuance rewards as the share of ETH committed to staking increases, has raised concerns about the token's future staking revenue and attractiveness.