Nansen Research: Terra Collapse Triggered StETH’s Depeg

Jul 6, 2022

As the Three Arrows Capital (3AC) fiasco continues to ripple through the industry, staked ETH (stETH) has “depegged” from its prior one-to-one relationship with the spot market value of ether. Nansen Research Analyst Daniel Khoo shares insights into the role of stETH in the crypto market meltdown and why its decline can be traced back to the Terra collapse.