# \[SIPS-093\] Upcoming Proposal to Update stETH Pricing

**URL:** https://community.sommelier.finance/t/sips-093-upcoming-proposal-to-update-steth-pricing/1210
**Category:** Governance
**Created:** [October 28, 2023, 5:17am UTC](https://community.sommelier.finance/t/sips-093-upcoming-proposal-to-update-steth-pricing/1210 "2023-10-28T05:17:51Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![7seas.capital](https://yyz2.discourse-cdn.com/flex030/user_avatar/community.sommelier.finance/7seas.capital/32/238_2.png) [@7seas.capital](https://community.sommelier.finance/u/7seas.capital)
#### Post date: [October 28, 2023, 5:17am UTC](https://community.sommelier.finance/t/sips-093-upcoming-proposal-to-update-steth-pricing/1210/1 "2023-10-28T05:17:51Z")

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# [SIPS-093] Upcoming Proposal to Update stETH Pricing

This forum post is to discuss the upcoming proposal to update stETH pricing in the price router.

Currently, Cellars price stETH using a Uniswap V3 TWAP. While this approach produces a smoother price than using a Chainlink oracle, stETH price is still somewhat volatile.

This proposal is to deploy a new pricing mechanism for stETH: assume a 1:1 peg within a reasonable range, along with failsafes if price deviates significantly from the historical range. This approach of assuming a 1:1 peg has become an industry standard: Instadapp’s iETH, Yearn’s yETH, and Aave’s lending markets all make this assumption.

The proposed pricing change will have a significantly positive effect on share price volatility for RYETH, RYBTC, and TurboSTETH.

If accepted, a Steward update will enable the strategist to call `cachePriceRouter` on RYETH, RYBTC, and TurboSTETH.