Lido DAO Proposes Contingent Market-Making Mandate for LDO Token

Lido DAO has proposed a contingent market-making mandate for the LDO token on centralized exchanges. The proposal aims to protect LDO liquidity after average daily volume fell from $96 million to around $33 million in the past three months.

A delegate analysis posted in the same thread put the ±2% order-book depth on LDO/USDT at only about $50,000, $90,000 per side as of early September. The proposal frames the mandate as a preventive measure rather than an immediate token support action.

If approved, the authorization would be capped at 480,000 USDC plus up to $1.5 million in LDO equivalent, limited to 7.5 million LDO, and would expire two years after approval if never activated.