Lido DAO converts over a third of fourth buyback tranche into LDO
- —Fourth tranche covers 1,000 stETH, execution deadline is Nov. 24
- —Exchange rate cap is 0.000165 LDO/ETH, not a price floor
- —Third tranche converted 680 stETH into 4.58 million LDO
- —LDO at $0.372 sits below 20- and 50-day SMA and EMA; RSI 41
Why it matters: The buyback program adds treasury demand for LDO, but the token remains below all key moving averages as traders await the tranche's completion report.
Source: TokenPost