what's stETH ARM LP Token?

stETH ARM LP Token (ARM-WETH-STETH) is a liquidity provider (LP) token representing a share of liquidity deposited into a pooled market involving the ARM token, Wrapped ETH (WETH), and Lido staked ETH (stETH). This token is issued by an automated market maker (AMM) protocol, such as Uniswap or similar DEXes, where users provide balanced proportions of the paired assets to enable trading. Holders earn a portion of trading fees generated by the pool and can redeem their LP tokens for the underlying assets plus accrued fees. It facilitates DeFi composability, allowing use in yield strategies, lending, or tokenized via platforms like Pendle for fixed-yield markets.

ARM-WETH-STETH listed on Pendle with PT, YT, LP options, expiring June 2026.