Buybacks shrink supply now. A big lock opens Jan 1.
LDO is the vote token of Lido, the biggest liquid-staking service on Ethereum: 829.57M of 1B coins circulate. No new LDO is created.
Sell pressure. Nothing was added in 90 days. On Jan 1 2027, 48.93M LDO re-locked after a Dec 2025 wallet hack opens in one step.
Buy pressure. The DAO took 6.79M LDO back into its treasury, mostly buybacks paid in staked ETH, and plans about 5.92M more by Nov 24 2026.
Net. Net, supply fell 0.82%; the next 90 days it grows about 5.19%.
LDO has no emission. Supply sat at exactly 1,000,000,000 at both ends of the window and nothing was minted. The DAO can still mint or burn through its token manager by vote (it did so once in Dec 2025 to re-lock hacked coins, with supply unchanged), so this is not a hard cap.
Next 90 days: 48.93M LDO opens on Jan 1 2027. A large holder's wallet was hacked in Dec 2025; the DAO froze the coins and on Jan 1 2026 handed them back across ten new wallets, locked for one year with no partial release. All 48.93M becomes free in one step that day. The DAO can still cancel the lock by vote. Nothing else vests.
The DAO treasury holds 121.50M LDO and paid none out in these 90 days; its last payout was Mar 2 2026 (7.69M went out over the past year, mostly for contributor rewards). A market-making loan of up to 7.5M LDO from the treasury was approved on Sep 21 2026 but is not switched on. Bought-back LDO also sits in this treasury.
No estate, trustee or exchange payout holds LDO. The re-locked 48.93M is counted under vesting above.
The automatic buyback went live on Aug 14 2026: half of staking income above $40M a year buys LDO for the treasury. It made one small test fill on Aug 13 (1 stETH for 6,354 LDO) and nothing since, because income is below the line and the running budget is negative. Next 90 days: 0 unless ETH climbs well above today's level.
Nothing burns LDO. Staking fees go to the treasury in stETH, the dead address held the same 5.25 LDO at both ends, and supply did not fall.
The DAO is spending up to 10,000 stETH to buy LDO in 1,000-stETH rounds and keeps what it buys in the treasury. Two deliveries landed here: 2.15M LDO on Aug 25 and 4.58M on Sep 25 2026. 7,000 stETH is left. Round 4 (1,000 stETH) was drawn on Oct 2 and runs to Nov 24 2026 with a price limit; at today's prices it buys about 5.92M LDO.
LDO has no staking or lock that takes coins off the market. Ideas to add one are only forum posts so far.
On Jul 31 2026 an unvested contributor grant was cancelled and 56,513 LDO went back to the treasury. One-off; none planned.
Two sides: how much people want LDO right now, and how much buying could come later.
This part is based on social media. It shows how hot LDO is right now. A better rank means more people are talking about it.
Today, people are talking about LDO for two reasons:
A forum post on Oct 7 2026 showed that NEST, Lido's buyback system live since Aug 10 2026, has not bought a single LDO, because its budget counter stood near -$542,000 at the end of September. The writer asks to cut the 2027 budget from $43.8 million to about $30 million so buybacks can start, and the debate was still going on Oct 14 2026. People ask if the DAO will really cut spending to make buybacks happen.
On Oct 7 2026, Lido contributors shared plans for Lido Lend, a safety-first lending market built on a changed version of Morpho Blue, still waiting for a DAO vote. The same day, BitGo Bank & Trust opened Lido staking to its US clients. People ask if new products can bring more fees back to LDO holders.
Checked Oct 14 2026
By the law of supply and demand, Lido DAO's long-run signal is negative (Oct 15 2026, score 2/10). New supply: +5.19% in the next 90 days. Demand: very weak (1.5/5). Lido DAO's price drivers: 2 ▲ price up, 0 ▼ price down.
The token side looks like the problem. ETH staked in Lido climbed back from its 8.5M low, yet LDO adds +5.19% new supply in 90 days while demand reads very weak (1.5/5). More tokens with few buyers usually means a lower price, even when the protocol does fine. Supply and demand still read negative for Lido DAO in the long run.
Yes, probably a lot. Lido lives on ETH staking, so lower rewards could push stakers away. A plan to cut staking rewards was pulled, which reads good for Lido DAO today, but the debate goes on. Even so, LDO's own demand reads very weak (1.5/5) on Oct 10 2026. By supply and demand, Lido DAO's long-run signal is negative today.
Lido DAO's signal is negative for now. Lido DAO's signal would turn if new supply keeps arriving (+5.19% in 90 days), or demand falls from very weak.
Lido DAO sits at 2/10 today (Oct 15 2026): supply 0.5/5, demand 1.5/5. One more year adds +3.04% to Lido DAO's supply. Long-run signal: negative.
By the law of supply and demand, the better time to enter Lido DAO is when its new supply is low, demand is high and its price drivers point up. Lido DAO today: +5.19% new supply in 90 days (flooding), demand very weak (1.5/5), drivers 2 ▲ / 0 ▼.
Right now 2 things drive Lido DAO's price (2 ▲, 0 ▼). ▲ ETH in Lido: ETH staked in Lido climbed back from its 8.5M low ▲ ETH staking yield: Plan to cut staking rewards was pulled, but the debate goes on
Side by side on Oct 15 2026: Lido DAO at 2/10 with a negative signal, Bitcoin at 8.5/10 with a positive signal. By supply and demand, Lido DAO is the weaker of the two.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. LDO supply grows +5.19% in the next 90 days, so it shows in red: more LDO reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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