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Why stETH?

Asymetrix is focused on Ethereum as the underlying asset because it is a top asset that natively generates yield from staking. When creating the Asymetrix protocol, different liquid staking derivatives (LSDs) offered by various liquid staking providers were evaluated .
Currently, liquid staking providers offer two types of LSDs: c-Token (rewards reflected in token price, such as rETH, cbETH, and others) and a-Token (rebase, more generated rewards for more tokens, balance updates every 24h, such as stETH).
stETH was chosen as the main asset because of its transparency and product-market fit. The stETH token is currently the most dominant token of liquid staking protocols, with a market cap of over $5 billion.
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