What is unshETH?

In early 2023, unshETH announced a novel innovation in LSDFi with a core mission of promoting decentralization of ETH stakers and preserving true security of the Ethereum network. The launch of their unshETH token allowed users to have exposure to an automatically diversified basket of liquid staked ETH derivatives (LSDs) and their yield. They also built the world's first Validator Decentralization Automated Market Maker (vdAMM), transforming unshETH into a liquidity hub for LSDs that is more efficient and safer (less prone to tail-risk) than Curve or other existing AMM solutions. Participants in the ecosystem are rewarded with USH, the governance token and incentive layer for unshETH.

vdUSH: the ruling incentive layer for ETH LSDs

Users with locked USH (vdUSH) govern the following:

• The composition of LSDs and their various weights

• Directing USH incentives and partnerships

• Fee parameters and fee switch for vdAMM swaps