LidoFinance, a liquid staking protocol, posted on its social networking site in response to the recent tilt in the exchange ratio between stETH and ETH.
Lido said that the exchange ratio is only a reflection of the price in the secondary market, and some stETH holders trade in the secondary market due to liquidity needs, which gives other investors the opportunity to arbitrage. Lido reiterated: stETH is still pegged to ETH 1:1.