3min chapter

The Defiant - DeFi Podcast cover image

Hasu: Lido's Staked ETH Poses No Systemic Risk to DeFi

The Defiant - DeFi Podcast

CHAPTER

Lido

If you stake or unstake via lido directly, then you always a one to one ratio. It's only in the secondary market where the two esseds are floating freely against each other. So if you buy a stake f on the market, wich ef, then you get one divided by 95 per centwhich s conpont zero for something rid r. In many jurisdictions, staking is not a taxible event. If taxes are notan issue for you, then at this point you should always first make use of the secondary market discount and get your stak teef. That way. I guess that let's take thes ar right away instead of waiting out till

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