stETH has been withdrawn in large quantities from Lido, while Figment absorbs market share as a potential partner for ETFs.

robot
Abstract generation in progress

[Coin World] On August 15, analyst Ben Lilly pointed out that stETH is currently being withdrawn from Lido. Meanwhile, another lending protocol Figment is absorbing Lido's market share, which suggests that Figment could be a staking partner for the ETF. 32% of stETH (wstETH) is used as collateral for the lending protocol, and depeg could mean liquidation of the lending protocol. It is worth noting that currently, 278,000 wstETH are in a "high-risk" state (high risk is defined as a health factor between 1 and 1.1).

STETH2.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
StakeWhisperervip
· 08-16 18:44
The situation is quietly changing.
View OriginalReply0
ZenZKPlayervip
· 08-16 05:54
The future is promising, no speculation.
View OriginalReply0
LiquiditySurfervip
· 08-15 13:33
worth monitoring closely
View OriginalReply0
ApeWithNoChainvip
· 08-15 05:10
The pressure is coming, Lido
View OriginalReply0
SandwichDetectorvip
· 08-15 05:09
The market is about to change.
View OriginalReply0
LightningLadyvip
· 08-15 04:49
This shift was expected.
View OriginalReply0
NightAirdroppervip
· 08-15 04:42
This change is a bit intense.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)