# Dynamic Buyback Program for LDO

**URL:** <https://research.lido.fi/t/dynamic-buyback-program-for-ldo/10494>\
**Category:** Proposals\
**Created:** [August 7, 2025, 12:58pm UTC](https://research.lido.fi/t/dynamic-buyback-program-for-ldo/10494 "2025-08-07T12:58:55Z")\
**Posts on this page:** 1\
**Showing post:** 15

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**Author:** ![Kuzmich](https://dub1.discourse-cdn.com/flex013/user_avatar/research.lido.fi/kuzmich/32/6020_2.png) [@Kuzmich](https://research.lido.fi/u/Kuzmich)\
**Post date:** [August 8, 2025, 2:22pm UTC](https://research.lido.fi/t/dynamic-buyback-program-for-ldo/10494/15 "2025-08-08T14:22:51Z")

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I agree that this post is on point.  
That’s exactly why I’m proposing buybacks not from protocol _profit_, but from _treasury surplus_.

I (and possibly no one here) have a clear understanding of where the protocol’s expenses are actually going.

- **Liquidity expenses** – is there any detailed breakdown of these costs?  
I reviewed several liquidity venues and I don’t see any active LP incentives provided by Lido.
- **Operating expenses** – this is also unclear. The numbers fluctuate significantly, from $1.5M to $6M per month.

As long as the community doesn’t have specific and transparent data,  
we’re just left accepting high expenses as a given.  
And if we never ask questions, they’ll likely remain high.

I believe it’s time we start thinking seriously about the protocol’s efficiency

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