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stETH also depegged at some point, and I made thousands of dollars by buying it at a deep discount. Then the peg was restored even though there was nothing back
by edem 4y ago
stETH also depegged at some point, and I made thousands of dollars by buying it at a deep discount. Then the peg was restored even though there was nothing backing it apart from locked ETH in staking pools. The USDC de-peg is pretty similar.