Lido, FTX and Sushi headlines
Lido DAO is proposing a $20M LDO buyback while FTX announced a $2.2B creditor payout that reportedly delivers ~100% recovery for most creditors (x.com). Meanwhile SushiSwap is scheduling a perpetuals product launch on April 2 — liquidity and derivatives activity could pick up across DeFi if adoption follows (x.com).
The Lido Growth Committee’s governance request would let the DAO convert up to 10,000 stETH from its treasury into LDO on the open market, a move submitted by the Lido Ecosystem Operations team on March 30, 2026. (coindesk.com) The proposal specifies phased execution—tranches of about 1,000 stETH with slippage controls—and notes that limited on‑chain liquidity may force some purchases through centralized exchanges; at current prices the plan could translate to roughly 65 million LDO, or about 8% of circulating supply. (en.cryptonomist.ch) FTX’s Recovery Trust scheduled a fourth distribution of approximately $2.2 billion to begin March 31, 2026, with eligible creditors expected to receive funds through their chosen distribution service provider (BitGo, Kraken or Payoneer) within one to three business days. (prnewswire.com) FTX’s distribution notice breaks down class recoveries: Allowed Class 5A (Dotcom customer entitlements) will get an incremental 18% (96% cumulative), Allowed Class 5B (U.S. customer entitlements) and Allowed Classes 6A/6B will reach 100% cumulative, and Convenience Claims will show a cumulative 120% distribution. (prnewswire.com) Sushi’s product pages are now advertising a dedicated Perps tab and are collecting waitlist signups under a “Perps on Sushi — Coming Soon” banner on sushi.com. (sushi.com) Independent event listings and market trackers peg the perps launch for April 2, 2026, and early coverage flags the addition as a new perpetual‑futures trading feature that will appear as a separate trading tab on Sushi’s platform. (messari.io)
