Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers

Now the so-called liquidity pool in Curve that the investors used to get rid of their stETH is quickly drying up, a dynamic that might force future sellers into less-transparent over-the-counter markets where discounts might be even steeper.

Some large holders dumped their stETH to get ETH, mostly using the Curve pool.As a result, the Curve pool has lost 85% of its value, and holds roughly 111,000 ETH and 492,000 stETH, an indication that many more investors want to sell stETH for ETH than the other way around. #TOGRP



Leave a Reply

Your email address will not be published. Required fields are marked *