There is a market risk that the stETH token supply will outweigh the market demand. While the goal of the Lido is to provide liquidity for ether staked on the beacon chain, the same liquidity makes it possible to sell the token on exchanges. Before Phase 2 deployment, it is the only way to take profit from the stETH token.

https://lido.fi/static/Lido:Ethereum-Liquid-Staking.pdf

action: create a bot that will monitor the curve protocol's sETH pool which has currently lost peg.

https://blog.lido.fi/lido-stassets-collateral-risk-monitoring/

api: https://github.com/curvefi/curve-api/blob/main/endpoints.md

When sETH is at a price below market rate(soon to drop assumed because liquidations) place a limit order and buy.

todo:

• what is the correct entry price(limit order) into sETH?

• what is sufficient capital to test this?

• not factored risk?

Prediction

There exists a long term arbitrage opportunity between sETH and ETH. 2022-05-13 16:39:04.622562Z