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Source: stETHUSDT Chart by TradingView

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About stETH

stETH is a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards. stETH tokens are pegged 1:1 to the ETH staked with Lido and can be used as one would use ether, allowing users to earn Eth2 staking rewards whilst benefiting from Defi yields.

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