tldr; Lido Staked Ether (stETH) has regained its peg and now trades above 0.997 per ETH. Lido gives stETH tokens to ETH holders who lock their ETH on its liquid staking platform. StETH’s peg is simply one-way: 1 ETH staked into Lido is immediately redeemable for 1 stETH.
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