unshETHing_Token
$0.0002751
2.54%
Past Day
Market Stats
Market Cap
$12.85k
24h Volume
$92.39
FDV
$38.5k
Max Supply
143.5m
About
Contract
0x91d6...2362
Created
Mar 31, 2023
Website
unsheth.xyz
𝕏
Twitter
@unsheth_xyz
What is unshETHing_Token?
What is the project about? unshETH is a liquid staking derivatives protocol that aims to act as a router and liquidity hub for LSDs, all in one -- stakers can access the best yield via unshETH, and LSDs can tap into a liquidity hub for both incoming deposits of staked ETH, and liquidity for their LSDs. What makes your project unique? We are the first DeFi protocol built natively on top of LSDs and have coined the phrase "LSDfi" which now describes several DeFi projects building on top of LSDs. History of your project. We launched about 4 weeks ago on Ethereum mainnet and now have nearly $2mm TVL and about $250k liquidity for our token. What’s next for your project? We have several integrations with LSDs and DeFi protocols on ETH L1, and will be expanding to other EVM chains in the next 5 weeks. We will also release a reference implementation of our new EIP-1435, designed to facilitate optimal routing of LSDs. What can your token be used for? USH serves as both a governance token for adjusting the parameters and rules of the unshETH protocol modules, and a staking token that is used as a "bond" in a PoS-like system to ensure LSDs participating in unshETH do not "misbehave".