stETH withdrawals trigger a chain reaction, with 278,000 wstETH facing liquidation risks.

[Bitpush] According to analysts, stETH is currently being withdrawn from Lido. Another lending protocol, Figment, is absorbing Lido's market share, which means Figment could be a staking partner for the ETF. 32% of stETH (wstETH) is used as collateral for the lending protocol, and depeg may indicate a liquidation of the lending protocol.

It is worth noting that currently, 278,000 wstETH is in a high-risk state (high risk is defined as a health factor between 1 and 1.1).

STETH0.32%
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
  • 5
  • Repost
  • Share
Comment
0/400
LonelyAnchormanvip
· 14h ago
This market changes direction as it pleases.
View OriginalReply0
DegenRecoveryGroupvip
· 08-15 04:55
Liquidation at any moment is terrifying.
View OriginalReply0
MevHuntervip
· 08-15 04:54
steth is going to be reorganized again after this fall.
View OriginalReply0
DeFiDoctorvip
· 08-15 04:54
Liquidity outflow is a bit scary and needs to be closely monitored.
View OriginalReply0
FadCatchervip
· 08-15 04:48
Is a large-scale liquidation coming?
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)