Lido Reports 23% Revenue Decline in 2025 Amid LDO Buyback Plans
Lido, a leading liquid staking protocol, announces a significant revenue drop and outlines a strategy for a token buyback as it navigates challenges in the staking landscape.
Lido, the premier liquid staking protocol on Ethereum, reported a total revenue of $40.5 million for 2025, representing a 23% decline from $52.4 million in the previous year, as detailed in a recent execution report by the Lido Foundation.
Declining Staking Revenue
The report highlights that Lido’s key revenue source, staking fees, fell significantly, with earnings dropping from $48.5 million to $37.4 million. Furthermore, revenues from the execution layer decreased due to Ethereum’s ongoing scaling efforts, and rewards from the consensus layer also diminished, contributing to the overall revenue decline.
Gross staking rewards across the protocol also saw an 18% decrease in dollar terms, declining from approximately $1.03 billion to $846.7 million. Notably, Lido’s share in the staked ETH market dipped from over 28% in 2024 to just above 24% at the end of 2025.
Translation: Lido, en premier liquid staking protokolü, 2025 yılında toplam 40.5 milyon dolar gelir bildirdi, bu da bir önceki yıl 52.4 milyon dolara göre %23 azalma anlamına geliyor.
Future Plans and Buyback Strategy
The DAO is currently considering an automated LDO token buyback mechanism aimed for deployment in Q2 2026. This initiative forms part of a broader strategy to align the token’s value with the financial performance of the protocol.
In response to its revenue challenges, Lido has developed a manual swappable module for governance-controlled token exchanges, with further actions depending on treasury surplus status.
As Lido strives to enhance its financial stability, it plans to roll out a manual buyback process operational under the newly introduced Network Economic Support Tokenomics (NEST), designed to optimize returns for LDO holders. After raising revenues, any buyback actions will commence upon the solidification of a genuine treasury surplus.
Lido also introduced Lido Earn, a high-yield staking platform currently holding over 77,000 ETH in total value locked, a direct response following WisdomTree’s launch of the world’s first stETH liquid staking ETP in Europe.
Translation: DAO, şimdiden Q2 2026‘ya kadar uygulanması hedeflenen otomatik LDO token geri alım mekanizmasını değerlendiriyor.
For more details, you can follow updates on platforms such as CoinGecko to monitor Lido’s ongoing developments and market performance.
