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Lido’s Staked Ether Surges Closest to Ether Since Terra Crash

The stETH derivative and its spread to ETH, a closely followed metric of the confidence in the Merge, sharply narrowed as Ethereum completed its technology transition without a hiccup.

By Krisztian Sandor

Updated May 11, 2023, 5:10 p.m. Published Sep 15, 2022, 5:24 p.m.

The price of stETH, the largest Ethereum liquid staking derivative, is inching closer towards parity to ETH after the Merge. (Tomas Sobek/ Unsplash)