[Lido: NEST Automated LDO Buyback Mechanism Goes Live on Mainnet, Annual Buyback Cap Set at $10 Million] Lido tweeted that the NEST automated LDO buyback mechanism has gone live on the mainnet. NEST is a rules-based LDO buyback mechanism. When DAO staking revenue surplus exceeds the $40 million benchmark, 50% of the surplus will be automatically used to buy LDO via CoW Swap. If revenue during a certain period falls short of the benchmark, the corresponding shortfall will be accounted for in subsequent calculations and must be offset by new surplus before buybacks can resume. The daily buyback cap is $50,000, with an annual cap of $10 million. All purchased LDO will belong to the DAO.