PANews reported on April 16th that, according to on-chain analyst Yu Jin, the Lido buyback appears to have begun. This morning, 4.82 million LDO tokens (worth $1.81 million) were withdrawn from Binance and transferred to a multi-signature wallet managed by the Lido Growth Committee (the wallet responsible for executing the buyback). The buyback proposal was released on March 27th when the LDO price was at its lowest point ($0.27), and it has since risen 40% to $0.38.

• Three days ago, Lido passed a proposal to buy back LDO with up to 10,000 stETH.
• Two days ago, the Lido Growth Committee announced the execution parameters for the first buyback of 1,000 stETH.
• Early this morning, the multisignature wallet managed by the Lido Growth Council received 4.82 million LDO tokens (US$1.81 million) from market maker Portofino.