unshETH Ether UNSHETH
1. Summary
- Price
-
$1,919.27 -1.5%
- Market Cap
- $0.00 (#10716)
- Supply
- 0.00 /
- Description
-
unshETH Ether
unshETH Ether
unshETH Ether, symbolized as UNSHETH, is a protocol that uses liquid staking derivatives (LSDs) to improve validator decentralization on the Ethereum network. LSDs are tokens that represent staked ETH, allowing users to access liquidity and composability for their staked assets. Users can deposit LSDs from various providers, such as Lido, Rocket Pool, Coinbase, and Frax Ether, while earning underlying staking yields, swap fees, and USH token rewards.
Usage
unshETH operates by creating a marketplace for staked ETH liquidity. Here, liquid staking protocols compete for dominance through incentive mechanisms. Users can also withdraw their LSDs at any time. The protocol incorporates innovative LSDfi primitives like validator decentralization mining and validator dominance options to distribute capital and yield across the LSD ecosystem. This promotes validator decentralization.
vdAMM
The virtual decentralized automated market maker (vdAMM) pools all LSD liquidity. It facilitates seamless swaps between LSD-LSD and LSD-ETH pairs. Fees, which accrue to unshETH holders, are charged based on swap activities, maintaining a governance-decided target weight for the LSD basket. Users can also earn additional yield by staking vdUSH tokens.
Governance
USH tokens are governance tokens, allowing users to participate in decision-making processes and claim additional rewards. The community determines target weights through proposals. The vdAMM keeps a portion of the target basket as Wrapped ETH (WETH) to aid direct withdrawals into ETH.
unshETH Token
The unshETH token is an ERC-20 token. It functions as an index for all LSD tokens, making it easy to interact with the underlying assets. Users can burn unshETH to receive a proportional mix of the LSDs backing it. This protocol promotes competition among liquid staking protocols on Ethereum.
| Price | |
| 52W High price | $4,204.14 |
| 52W High date | 12th Mar 2024 (11 months ago) |
| All Time High (ATH) Date | 12th Mar 2024 (11 months ago) |
| ATH Price | $4,266.57 |
| % From ATH | -50.27% |
| All Time Low (ATL) Date | 22nd Dec 2024 (1 month ago) |
| ATL Price | $1,084.79 |
| % From ATL | 95.6% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $3.00 |
UNSHETH
How does unshETH Ether's (UNSHETH) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-33.2%
UNSHETH
51,626.9%
Similar Market Cap
60 Day Return
-19.1%
UNSHETH
4,051.5%
Similar Market Cap
1 Year Return
-27.3%
UNSHETH
-
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 26,003 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | http://unsheth.xyz |
|---|---|
| Explorer | https://bscscan.com/token/0x0Ae38f7E10A43B5b2fB064... |
| @unsheth_xyz |
What is the correct contract address for unshETH Ether?
| Ethereum | 0x0ae38f7e10a43b5b2fb064b42a2f4514cba909ef |
|---|---|
| Arbitrum-one | 0x0ae38f7e10a43b5b2fb064b42a2f4514cba909ef |
| Binance-smart-chain | 0x0ae38f7e10a43b5b2fb064b42a2f4514cba909ef |
Has unshETH Ether been audited for security?
No security audits found for this project.
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