According to the Odaily Planet Daily Snapshot page, Lido has launched NEST, a modular system proposal for using stETH to repurchase LDO from the treasury. Voting is currently underway, with 100% support and a deadline of September 30th. The first practical version of the proposal is expected to go live in December 2025, paving the way for future repurchase mechanisms.

NEST is a modular extension of STONKS designed to simplify the exchange of stETH and LDO, with LDO automatically transferred to the Lido DAO treasury. The proposal only covers the development of NEST; activation requires a separate on-chain vote. If the proposal passes, further research, timelines, and detailed design will be conducted. Core contributors will also discuss a buyback mechanism.