Foresight News reported that Lido's strategic advisor Hasu stated on Twitter that Lido's total expenditure has shown a declining trend year by year since 2021, decreasing from $190 million in 2021 to $22.2 million from the beginning of 2025 to now. Since Lido's treasury is primarily held in ETH, non-operating income has exceeded $100 million since 2022, totaling about $40 million. "Personally, I believe this is a strong argument against starting LDO buybacks today, as ETH needs to be sold instead of USD." Additionally, he mentioned that compared to competitors' large incentive programs, Lido's growth budget is much smaller, which is an important reason for its recent decline in market share. Regarding buybacks, Lido.