What will become of Lido Finance as sETH gets depegged for the second time this month

What will become of Lido Finance as sETH gets depegged for the second time this month


AMB Crypto
2022-06-11 20:30:39

stETH is a token representing staked Ether in the Lido Finance platform, combining the value of an initial deposit + staking rewards. A derivative token backed 1:1 by ETH. Users who stake their ETH on the Lido Finance platform receive the staked derivative in return. Users/stakers can access the value of their staked tokens while […]