Lido has announced that voting is now open for the NEST proposal, which aims to establish a technical framework for potential LDO token buybacks. The proposal suggests using stETH from the Lido DAO treasury to facilitate these buybacks. If approved, the first test of this system is anticipated in December 2025. The NEST proposal is not a direct buyback plan but rather a foundational step towards creating a mechanism for future repurchases. It focuses on simplifying the conversion of stETH to LDO, with the converted LDO automatically transferred to the Lido DAO treasury. The proposal covers only the development of the NEST architecture, with its activation requiring a separate on-chain vote. Upon approval, immediate research and planning will commence to outline a detailed design and implementation timeline.