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Market Volatility Vs ETH Derivative Peg

Volume ETH Derivative Swapped vs ETH Derivative Pag

stETH

Since inception, stETH has been below ETH -peg in most weeks. Despite stETH bears ETH staking, yield, the price seems more favorable to ETH than stETH.

stETH does not indicate significant reaction from BTC volatility, at least since Jan 2021, up to early 2022.

Beginning May 2022, the BTC dip began on May 2nd, and on the following day, stETH peg significantly fell to all time low of 0.942

rETH

rETH peg does not show any significat impavt from BTC volatility . Its peg is above 1.00, suggesting the market values rETH more than ETH.

aETH

aETH peg has been below peg since inception. During Nov `21, the BTC price moving downwards along with aETH peg. It floored at 0.83, the lowest peg of these 3 derivatives. However starting on Apr 11th, the peg ofaETH starting to rise towards 1.00 even though BTC price continues to slump .