Ninjastic
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Board Speculation (Altcoins)
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Lido Staked ETH (stETH) is depegging, is this another disaster?
by
minhtra
on 10/06/2022, 16:51:41 UTC
⭐ Merited by dragonvslinux (2)
stETH to ETH ratio is now trading at 0.95 ETH. According to Lido, 1 stETH is always 1 ETH redeemable after the proof of stake merge.
Lot people use stETH to do leverage borrowing - is another Terra incident coming or is this different?