ETH Staking on Lido March through June

    stETH is a token representing staked ETH in the staking pool Lido. As of now stETH cannot be redeemed for ETH but ETH can be staked for stETH. Redeeming will be possible after the Ethereum merge in a few months time (if there are no further delays). As there are many funds leaving the crypto space at the time of writing stETH has lost its "peg" to ETH, as the "pegging" mechanism does not exist yet. In this dashboard we will take a look at how this affected new ETH being staked on Lido.

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    Concluding

    • Since the ETH depeg there is significantly less ETH being staked every day
      • From 20k / day to 500 day
      • It should be even lower as there is no downside of buying stETH for a discount over staking ETH directly