tldr; Lido Staked Ether (stETH) has regained its peg and now trades above 0.997 per ETH. Lido offers stETH tokens to ETH holders who lock their ETH on its liquid staking platform. StETH’s peg is only one-way: 1 ETH staked into Lido is instantly redeemable for 1 stETH.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
