Lido revenue fell 23% last year, LDO buyback under review

Ethereum staking platform Lido saw its revenue fall 23% year-over-year to $40.5 million last year. According to a financial report released by the project, staking fee revenue was limited to $37.4 million, a result of staking fund outflows and a decline in the annual percentage rate (APR). In response, the LidoDAO is now considering an LDO token buyback in the second quarter of this year. The proposed method involves using staking rewards generated by the protocol to purchase LDO on the open market and then deposit the tokens into liquidity pools.