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Plan-τ

Thank you so much for the information. It seems even

if there are initial bugs post merge that they would be sorted out in relatively short order. Is there any risk of steth becoming devalued pre merge or does lido hold eth/steth 1:1 in their treasury?

#cryptocurrency #english #lido
0

1 ответов

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cryptodenier (will NOT dm first)-

Pre-merge, stETH is currently worth a bit less than ETH. Whenever ETH is staked within Lido, users will be granted the same amount of stETH tokens which reflects their stake. ETH is staked into the Eth2 contract and earns rewards. However, since withdrawals are not currently enabled, there is no strong peg between stETH-ETH since actual redemptions (stETH to ETH) cannot be facilitated. So the ETH is held in the contract, it just can’t be redeemed yet.

0
27.05.2022

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