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DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%

06/09/2022

Less than a minute

2022.06.09 13:26

DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%

The next big crypto crash could be around the corner due to Lido Staked Ether (stETH), a liquid token from the Lido protocol that is supposed to be 100% pegged by Ethereum’s native token, Ether (ETH).

Notably, the stETH peg could drop against ETH by 50% in the coming weeks, raising the risk of a “DeFi contagion” as Ethereum moves toward proof-of-stake (PoS), argues popular Bitcoin investor and independent analyst Brad Mills.

06/09/2022

Less than a minute

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