The Lido buyback appears to have started, with 4.82 million LDO tokens withdrawn from Binance and transferred to a buyback multisignature wallet in the early hours of the morning.

CoinFeed reported on April 16th that, according to on-chain analyst Yu Jin, Lido's buyback appears to have begun. This morning, 4.82 million LDO (US$1.81 million) were transferred from Binance 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 US$0.38. Lido approved a proposal three days ago to buy back up to 10,000 stETH. Two days ago, the Lido Growth Committee announced the execution parameters for the first buyback of 1,000 stETH. This morning, the multi-signature wallet managed by the Lido Growth Committee received 4.82 million LDO (US$1.81 million) from market maker Portofino.