Buyback Radar

Lido LDO

Sell signal activeRank#21▲2Score44

Sell signal since Nov 6. REV7 fell to 0.5× of the previous week; REV ratio 0.5×, HR ratio n/a. Still open: weekly revenue drop still holds. See Signals.

Liquid Staking, Ethereum, 164 days of data

Active signals 1

  • Sell signalsince Nov 6

    Revenue this week $632k, about half the week before.

    Weekly revenue drop: revenue this week $632k, 0.5× the week before. Still open: weekly revenue drop still holds.

Market cap

$255.2M

price $0.301 · 7d −11.9% · 30d −25.2%

FDV $301.5M (1.2× market cap)

source defillama

Buyback revenue / year

$13.7M

holders revenue of the last 30 days, $1.1M, × 365 ÷ 30

Buybackbuyback share 34%

Buys back 5.4% of its market cap a year, using 34¢ of every $1 it earns.

Pays every ~31 days; next ~Oct 26. A week without a payout is normal for this token; holders revenue is measured over a whole cycle.

Multiple

18.6×

peer median 15.5× (Staking, 4 tokens), against 18.6× here

Run-rate

∞

last 7 days $0 × 52 = $0 a year

What we checked

  1. Valuation

    Multiple 18.6×, in line with its Staking peers (median 15.5×, 4 tokens). It is itself the largest earner in the group. On total revenue: 6.2×, 2.9× cheaper than the revenue peer median.

  2. Distribution

    Buyback: Revenue buys the token on the market; the tokens stay in circulation (treasury, stakers or LPs). Holders got $2.3M of $6.6M revenue in 60 days (whole payout cycles, the window the multiple uses) → buyback share 34%. DefiLlama: “LDO Accumulation Program: Tracks LIDO bought back by the DAO.”

  3. Sustainability

    Holders were paid on 1 day in the last 60 days, against the ~2 payouts its cycle predicts (52%) (pays every ~31 days; the next payout was due ~Oct 26 and is 16 days overdue); largest single day 100% of the 60-day holders revenue; paid to holders over the last 60 days: 74% of the best 60-day stretch in 90 days. Revenue −47% over 7 days and +6% over 30 days, price −25% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

  • Sell signalactive since Nov 6; REV7 fell to 0.5× of the previous week; REV ratio 0.5×, HR ratio n/a. Still open: weekly revenue drop still holds. See Signals
  • Pays every ~31 daysPays every ~31 days; next ~Oct 26. A week without a payout is normal for this token, not a stop. Holders revenue is measured over 60 days so a full cycle fits.

How the buyback really works

Not researched yet. Everything above comes from DefiLlama and market data only.

Holders revenue / revenue (60d)
$2.3M / $6.6M
last 60 days, whole payout cycles
To holders
Buys back 5.4% of its market cap a year
FDV / dilution
$301.5M / 1.2×
FDV ÷ market cap
Price 7d / 30d
−11.9% / −25.2%
Revenue growth 7d / 30d
−47% / +6%
versus the period before
Divergence
0.34
revenue growth minus price growth, 30d
DEX liquidity
$1.3M
DexScreener, representative pools
24h volume
$16.9M
all markets, CoinGecko
Unlocks 30d
—
DefiLlama's schedule does not cover the next 30 days while tokens are still locked
Revenue multiple
6.2×
market cap ÷ revenue per year
Fee multiple
0.4×
market cap ÷ fees per year
Distance to peak
74%
last 60 days ÷ best 60 days of 90 days
Data since
Jun 1
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today 18.6× (scored) · peer median 15.5×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
DateSignalPrice thenAfter 7dAfter 30dSinceOutcome
November 12, 2026New in top 20closed Nov 12: now ranked #21$0.315——−4%30-day check: day 0
November 7, 2026Sell signalactive$0.326——−8%30-day check: day 5

Versus peers

Staking (merged group) · 4 tokens · median multiple 15.5×

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
TokenDistributionMultipleRevenue multipleBuyback shareTo holders 30dMarket capRev. growth 30d
MarinadeBuyback5.1×2.5×50%$193k$11.9M−13%
SSV NetworkMixed12.4×9.3×100%$275k$31.1M−10%
Lidoleaderthis tokenBuyback18.6×6.2×34%$0$255.2M+6%
KinetiqMixed84.8×37.3×59%$133k$103.2M−37%
Score build-up44 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

44of 100#21▲2top 40%
Valuation 25.6Momentum 6.6Divergence 4.6Quality 7.5= 44.3
Valuation35%
73Valuation 73.2: HR half 47.9 (multiple 18.62×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 98.4 (revenue peer value 2.90×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.
Momentum25%
26Momentum 26.4: m = 0.5·g7 −0.644 + 0.3·(ln(day jump 0.94) clamped ±1.5 = −0.065) + 0.2·g30 0.055 = −0.331; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.
Divergence20%
23Divergence 23.0: d = g30 − p30 = 0.345; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.
Quality20%
37Quality 37.3: mean of days HR>0 52% → 36.1 (0 at ≤30%, 100 at ≥90%), largest day 100% of HR30 → 0.0 (0 at ≥60%, 100 at ≤15%), distance to peak 0.74 → 75.9 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).

Penaltiesnone

No penalty applies — 10 rules checked, 3 wait for research data

Where the numbers come from
Revenue source
1 active child
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 11, 2026
as-of date of the last compute run
On-chain verified
not yet
not checked yet
Protocols behind this token1 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

  • Lido
    Liquid Staking · Ethereum
    type buyback · source label
    “LDO Accumulation Program: Tracks LIDO bought back by the DAO.”

    Tracks LIDO bought back by the DAO as part of the LDO Accumulation Program

    LDO Accumulation Program
    Tracks LIDO bought back by the DAO.
    adapter on GitHub ↗