So what is stETH?

> $stETH is the tokenised form of staked Ether native to Lido. Lido is a liquid staking solution for Ethereum backed by several industry-leading staking providers. It makes staked ETH liquid and allows participation with any amount of ETH.

> stETH combines the value of your initial staking deposit plus staking rewards which accrue daily. Your stETH balance updates daily as 12pm UTC to reflect earned staking rewards, with the update taking place through a token supply rebase.

> Lido’s stETH can be used as one would use ether, allowing holders to earn Eth2 staking rewards in addition to rewards through integrated platforms like Curve and SushiSwap.

Now, it's time to storytelling with data visualization techniques!

Let's take a deeper dive in understanding on-chain data about lido! If we focus on Submit~0xa1903eab method on stETH contract address, we can find useful insights and trends.

Did you see that? Why did the growth rate suddenly decrease around May 13?

Maybe we can't find the exact reason, because there are many chained reasons in the market, but if we review the stETH/ETH rate we can find an obvious clue at the exact date!

It's a mind-blowing trend! When the stETH veered widely from the ETH peg on May 13th, a semi-collapse occurred on the lido protocol.