Unstake Logo

Unstake NSTK

Unstake header image

1. Summary

Ranks

Liquidity
66
Developer
-
Social
11
Momentum (beta)
0
Stack Rank™
-
Price
$0.07 +4.5%
Market Cap
$4.32M (#1825)
Supply
65.00M / 65.00M
Price
52W High price $0.28
52W High date 17th Dec 2023 (7 months ago)
All Time High (ATH) Date 17th Dec 2023 (7 months ago)
ATH Price $0.31
% From ATH -62.79%
All Time Low (ATL) Date 22nd Mar 2024 (3 months ago)
ATL Price $0.09
% From ATL 32.02%
Supply & Trading Volume
Trading Volume (24h) $9,686.00
Total Supply 65.00M
Max Supply 65.00M
Circulating Supply 65.00M
Description

Overview of Unstake

Overview of Unstake

Unstake is the Instant Unstaking protocol for the interchain, built on Kujira's advanced infrastructure. It is designed to eliminate wait times for token unbonding on IBC chains, allowing users to instantly exchange locked tokens for underlying assets with unbonding interest settled upfront.

Unstaking Process

Unstake employs a collateralized lending system, which maintains a fixed supply of governance tokens. The protocol relies on a "minimum rate" strategy to manage financial risks and ensure reserves are safeguarded, particularly during fluctuations in lending rates. A reserve fund is in place to ensure consistent and reliable instant liquidity, as it bridges the gap between offered rates to users and the maximum interest rates.

Tokenomics

Unstake.fi's token is $NSTK, with a total supply of 65 million tokens governed fully by Kujira. The token is designed for users who participate in staking activities and can be claimed as part of the staking rewards on Blue.

Key Features

  • Instant unstaking for IBC-enabled chains, reducing wait times for token unbonding
  • Collateralized lending system with a fixed supply of governance tokens
  • Reserve fund for maintaining liquidity
  • “Minimum rate” strategy to manage financial risks

Platform Status

Unstake.fi is live on Kujira, designed to enhance DeFi liquidity and overall user experience.

2. Price

NSTK

2.1. Market Performance

How does Unstake's (NSTK) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-13.5%

NSTK

-31.2%

Similar Market Cap

60 Day Return

-7.4%

NSTK

-33.4%

Similar Market Cap

3. Developer Activity

We're monitoring 3 Unstake GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Unstake Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 118

Most Active Repos

Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 2 developers have contributed to Unstake over the past year. Who are the most active Unstake developers, by commits, over the past year?

Related Projects

Developers working on Unstake also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

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 4,129
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://unstake.fi
Explorer https://finder.kujira.app/kaiyo-1/token/factory/ku...
Twitter @unstake_fi

What is the correct contract address for Unstake?

Kujira factory/kujira1aaudpfr9y23lt9d45hrmskphpdfaq9ajxd3ukh/unstk

Has Unstake been audited for security?

No security audits found for this project.

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