[Lido DAO Launches On-Chain Vote for NEST Automated Buyback Mechanism, Proposing to Link Protocol Performance with LDO Token] BlockBeats News, August 5: Lido Finance officially released a governance update, announcing that Lido DAO has formally initiated the on-chain vote for the NEST automated buyback mechanism. The main voting window is from August 5 to August 8, 14:00 UTC. NEST is an automated, rule-based on-chain mechanism that directly links the performance of the Lido protocol with the LDO token. The relevant design and parameters were approved through a Snapshot vote in May. The core logic of NEST is to systematically buy back LDO tokens on decentralized markets using protocol revenue or protocol-controlled liquidity, thereby continuously capturing the protocol's value growth at the token level. The mechanism's execution will focus on the liquidity pair of LDO and wstETH, with specific implementation details continuously updated on the community forum. If this on-chain vote is approved, Lido will transition from a governance-driven periodic buyback model to a continuous, predictable automated value distribution model. [Original Link]