"You are not allowed to use this interface". More and more "decentralized finance" sites greet us with exactly this. So we built a public dashboard: 64 official DeFi interfaces, rated by what they block and for whom. Go see who locks you out 👇

Lido has launched NEST, its automated LDO buyback mechanism. Nine months from first draft to launch. Half the revenue above a $40M annual baseline goes toward buying LDO, capped at $50k a day and $10M a year. The LDO ends up in the @LidoFinance DAO treasury, out of free circulation but not burned. The original design carried one more condition, buy only while ETH is above $3,000. It was dropped after a backtest. It did the same job as the daily cap but less predictably, and when ETH was cheap, budget accumulated while no buying happened. The price sensitivity did not go away. The baseline is denominated in dollars while Lido earns in ETH, so with a cheap ETH the protocol simply does not clear the $40M. The team's own estimate on the forum puts the level needed at around $2,700 per ETH under the current revenue mix. On launch day it was trading around $1,870.