stETH Peg Stability vs ETH

stETH traded at 0.9990 ETH on Oct 4, 2026 (3-day median), 0.17% below its 90-day high. Its largest 90-day drawdown was -0.23%, bottoming on Aug 21, 2026. Since tracking began on Dec 31, 2024, the worst drawdown was -0.55% on Apr 20, 2026.

Current ratio0.9990Oct 4, 2026
Below 90d high-0.17%High 1.0007
90d max drawdown-0.23%Aug 21, 2026
Worst drawdown tracked-0.55%Apr 20, 2026
stETH / ETH ratio (3-day median)

stETH peg stats by period

WindowMax drawdownTrough dateBelow period highBaseline shift
7 days-0.13%Oct 4, 2026-0.13%-0.05%
30 days-0.14%Sep 21, 2026-0.13%-0.04%
60 days-0.21%Aug 21, 2026-0.15%-0.04%
90 days-0.23%Aug 21, 2026-0.17%-0.05%
Since tracking began-0.55%Apr 20, 2026-0.17%+0.06%
542 daily ratios from Dec 31, 2024 to Oct 4, 2026. Source: DeFiLlama prices.

Other ETH wrappers

How peg stability is measured

Each ratio is the wrapper's market price divided by its underlying asset's market price, sourced daily from DeFiLlama. Charts and stats use a 3-day rolling median (smoothed daily ratio) to suppress single-day price prints. For LSTs the ratio naturally drifts up over time as staking yield accrues.

Current deviation compares today's ratio to the highest ratio in the window. The most actionable signal: it answers "is it off peg right now?"

Max drawdown is the largest peak-to-trough drop in the window. It is historical, useful for spotting acute events even after the wrapper has recovered.

Baseline shift compares the median ratio in the recent half of the window to the prior half. Negative values mean the wrapper settled at a lower plateau: a regime change rather than a single bad print. Note: for yield-accruing LSTs, small positive values just reflect normal staking drift, not a peg event. None of these are redemption guarantees.

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