Liquid staking protocol Lido warned that the swap rate between ether (ETH) and stETH — a token representing ether staked on Lido — has deviated from its one-to-one peg amid crypto market turbulence. The protocol allows its depositors to use their Lido staked assets to gain a yield on top of their original staking yield. But Lido said in a tweet Friday morning that stETH was trading at a discount of 4.2% to ETH on the main Curve pool. The protocol noted that while long-term stETH holders and liquidity providers are not at risk, leveraged positions on stETH are. “If you have a leveraged position, for example through ... (full story)