Staked Ethereum (stETH) Could Cause A Crypto Crash, Here’s How

Lido Staked Ethereum (stETH), a staked, DeFi variant of Ethereum, has diverged sharply from the latter in the past 48 hours. The token, which is supposed to trade at a 1:1 peg to ETH, is currently trading at $1,513.14 and has fallen 10% in the past 24 hours. By comparison, ETH is trading at $1,582.

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Author: toutiao