Overview
- LDO dropped about 16% after traders priced in EIP-8361, a draft proposal to burn a rising share of validator issuance that would lower staking rewards as more ETH is staked.
- Trading activity spiked during the selloff, with a reported 24-hour volume surge of roughly 230% and rising exchange inflows as holders repositioned their stakes.
- Derivatives open interest climbed about 14%, showing that traders opened new leveraged positions even as spot prices fell and volatility rose.
- Lido DAO opened the final on-chain vote for the NEST automated buyback and liquidity system on Aug. 5, with the main voting phase scheduled to close on Aug. 8 at 2:00 p.m. UTC.
- NEST would funnel a share of eligible surplus staking revenue into LDO purchases and DAO-owned Curve liquidity under a $40 million baseline and daily and annual caps, so its actual buying power depends on Lido’s future fee revenue if EIP-8361 is adopted.