Introduction

stETH is a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are pegged 1:1 to the ethers that are staked by Lido. stETH token’s balances are updated when the oracle reports change in total stake every day.

stETH tokens can be used as one would use ether, allowing you to earn ETH 2.0 staking rewards whilst benefiting from e.g. yields across decentralised finance products.

Conclusion

In the last chart we used Y Axis (left) in log scale to show clearly difference between two tonkens as we can see there are no significant difference on that. And finally can't see any events that triggered a big difference in price between the two tokens by now.