LDO

Lido

Ethereum

Announced, not verifiable yet

Liquid staking. Protocol fees as of 38m ago. Market cap as of 5m ago.

Protocol fees

Totals below are gross staking rewards from Lido's daily oracle report on Ethereum. They are not buybacks, and they are not NEST.

Fees 24h

$1.55M

Measured on Ethereum

Fees 7d

$11.26M

Closed hours in this window

Fees 30d

$49.98M

Closed hours in this window

Market cap

$301.9M

CoinGecko circulating

Daily protocol fees

Daily gross fees measured by this site. These amounts are not buybacks.

DefiLlama fees CoinGecko Sources

Fees are the Ethereum oracle report in data/fees/lido. NEST (LIP-36) may buy LDO to the DAO treasury when surplus clears the baseline; treasury-only, not burned. No LDO burn source of record. DefiLlama Holders Revenue is the Accumulation Program, not NEST.

Buybacks & burns

LDO scope

Lido says NEST may buy LDO for the DAO treasury when surplus clears a baseline.

This site verifies the DefiLlama fee total and states that treasury LDO is not burned.

It cannot show a daily NEST fill total or an LDO burn total, so those cells stay an em dash.

Stated policy: NEST may buy LDO for the DAO treasury when surplus clears the baseline. Those tokens are not burned. NEST overview.

Lido liquid staking charges a protocol fee on staking rewards. That value accrues primarily to the DAO treasury and node operators. Those totals are fees, not buybacks. NEST (LIP-36) is a separate onchain program that may buy LDO from surplus staking revenue above a $40M annualized baseline (50% of surplus, capped at $50k/day and $10M/year) and settle purchases to the Aragon Agent treasury in treasury-only mode. NEST does not burn LDO. A discretionary LDO Accumulation Program is not NEST. DefiLlama Holders Revenue tracks Accumulation, not NEST. This site does not index NEST fills as a daily buyback meter.

Official H1 2026 reporting states NEST purchases were not expected soon while revenue sits below the baseline. An em dash for buybacks is honest, not a bug.

Buybacks 24h

—

NEST treasury buys are surplus-gated. Daily fills are not metered.

Burns

—

No LDO burn source of record.

NEST (LIP-36) buys LDO to the DAO treasury when surplus clears the $40M annualized baseline. Treasury-held LDO is not burned. This page does not show a continuous daily NEST fill total. DefiLlama fees and Holders Revenue are not this cell.

Lido has no live LDO burn source of record on this page. The Lido Burner contract burns stETH shares for accounting; it is not an LDO buyback ledger. Treasury-held LDO is not a burn.

NEST vs Accumulation

NEST (LIP-36) is permissionless onchain logic tied to surplus staking revenue and CoW Swap / Stonks execution into the DAO treasury. The LDO Accumulation Program is a separate discretionary committee process. DefiLlama labels its Holders Revenue series after Accumulation, not NEST. Do not merge them on this page.

Audit trail

LDO token 0x5A98FcBEA516Cf06857215779Fd812CA3beF1B32
Aragon Agent (treasury) 0x3e40…9C8c
BuybackAllocator (NEST) 0xAA56…D889
BuybackExecutor (NEST) 0x6c21…C9B7
Lido Burner (stETH shares, not LDO buybacks) 0xE76c…573a

NEST overview (blog)LIP-36 Deployed contracts Forum deployment GOOSE H1 2026 DefiLlama Lido Methodology

We will claim

Lido liquid staking generates protocol fees that accrue primarily to the DAO treasury (and node operators). Those figures are fees, not buybacks.
NEST (LIP-36) is a live onchain mechanism that can buy LDO from surplus staking revenue above a $40M annualized baseline (50% of surplus, $50k/day and $10M/yr caps), settling purchases to the DAO treasury in treasury-only mode (official blog, LIP-36, and deployed contracts). NEST does not burn LDO.
A separate LDO Accumulation Program is discretionary committee execution and is not NEST. DefiLlama Holders Revenue tracks Accumulation, not NEST.
Official H1 2026 reporting states NEST purchases were not expected soon while revenue sits below the baseline. Idle buybacks shown as an em dash are honest, not a bug.
Board fees are the Ethereum oracle report, labeled as fees, not buybacks. The DefiLlama slug lido is the reconciliation tripwire.

We will not claim

That Lido has a live LDO burn source of record, or that treasury-held LDO is burned.
That staking fees or DefiLlama revenue equal buybacks.
That NEST is continuously buying LDO every day without surplus proof.
That DefiLlama Holders Revenue is the NEST ledger.
That Lido Burner (stETH shares) is an LDO buyback contract.
Financial advice.