ICYMI: Lido staked ether selloff continues as larger holder unloads 56,000 stETH
involved a 17,780 stETH swap for 16,625 ETH which was converted to the dai stablecoin for $20 million.
This, however, does not mean that stETH will always trade at the same price as ETH. Secondary market forces can create a slight disparity in the price of staked ether relative to ETH. Today’s selloff has also caused the stETH liquidity pool on Curve to become even more unbalanced. Curve is a major DeFi liquidity pool and serves as the primary source of liquidity for staked ether swaps.of 20% ETH to 80% stETH. This means that liquidity for staked ether is shrinking and it will become increasingly difficult for swaps to proceed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: