Notice: Undefined index: slug in /home/mthwzpkaijz4/public_html/abitonit.com/wp-includes/class-wp-theme-json.php on line 1110

Notice: Undefined index: slug in /home/mthwzpkaijz4/public_html/abitonit.com/wp-includes/class-wp-theme-json.php on line 1110

Notice: Undefined index: slug in /home/mthwzpkaijz4/public_html/abitonit.com/wp-includes/class-wp-theme-json.php on line 1110
Connect with us

Market

Staked Ether Discount After Terra Collapse a Sign of Liquidity Crunch in Crypto

Published

on



Data shows that staked ether and ether traded at parity up until May 7, when Terra’s stablecoin, UST, started to wobble from its $1 peg. Since then, stETH has been unable to recover to the full ETH price. On May 12, when UST dropped to 7 cents, stETH-ETH exchange ratio fell to as low as 0.955, and ever since then, staked ether has traded at a discount of 2-3%.



Source link