CoinVoice has recently learned that Jlabs Digital analyst Ben Lilly pointed out that stETH is currently being withdrawn from Lido. Meanwhile, another lending protocol, Figment, is absorbing Lido's market share, which suggests that Figment could be a staking partner for ETFs. 32% of stETH (wstETH) is used as collateral for the lending protocol, and decoupling could mean liquidation for the lending protocol.

It is worth noting that currently, 278,000 wstETH is in a "high risk" state (high risk is defined as a health factor between 1 and 1.1). [Original link]