News/Lido Responds to stETH Depegging: stETH Still Pegged 1:1 to ETH

Lido Responds to stETH Depegging: stETH Still Pegged 1:1 to ETH

Jun 10,2022,17:39
In response to the stETH to ETH exchange rate skewed phenomenon, liquidity staking protocol Lido Finance tweeted that stETH is backed 1:1 with ETH. In addition, Lido said that the exchange rate only reflects a fluctuating secondary market price. Some stETH holders trade in the secondary market due to liquidity needs, which gives investors an arbitrage opportunity.
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