DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%
Cointelegraph
Published Jun 09, 2022 03:41AM ET
Updated Jun 09, 2022 05:40AM ET
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.
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Written By: Cointelegraph
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