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![ValantisLabs Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1605281598185918471.png) Valantis Labs [@ValantisLabs](/creator/twitter/ValantisLabs) on x 7157 followers
Created: 2025-06-12 17:14:49 UTC

Standard DEX stHYPE/HYPE pools depeg when enough stHYPE->HYPE swaps come in.

A depeg means the DEX's swaps are too expensive in one direction (stHYPE-> HYPE) and discounted in the other (HYPE->stHYPE).

Anytime the chart below deviates below 0.9999, LPs sell stHYPE at a discount to repeg the pool, allowing arbitrageurs to profit at the LPs' expense.

![](https://pbs.twimg.com/media/GtQlhYQbIAAi-Mf.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1933211397732905156/c:line.svg)

**Related Topics**
[discount](/topic/discount)
[sthype](/topic/sthype)
[exchanges dexs](/topic/exchanges-dexs)

[Post Link](https://x.com/ValantisLabs/status/1933211397732905156)