Lido Responds to stETH Depegging: stETH Still Pegged 1:1 to ETH

In response to the stETH to ETH exchange rate skewed phenomenon, liquidity staking protocol Lido Finance tweeted that stETH is backed 1:1 with ETH. In addition, Lido said that the exchange rate only reflects a fluctuating secondary market price. Some stETH holders trade in the secondary market due to liquidity needs, which gives investors an arbitrage opportunity.