unshETH offers an omnichain ERC-20 token (unshETH Ether) representing a diversified liquid-staked ETH basket that collects Ethereum staking rewards and swap fees generated by the protocol's vdAMM. The protocol is designed to foster competition among liquid staking providers to promote validator decentralization and improve the ETH staking experience for many users. unshETH tokens are transferable across multiple chains (ETH Mainnet, BNB Chain, Arbitrum) via cross-chain infrastructure mentioned in the filing (Stargate and LayerZero), with plans to expand to additional chains. The team recently announced Project Sentience, an initiative to create a decentralized, open-source Liquid Staking Token (LST) framework and a Liquidity Bootstrapping Kit to share technology and improve decentralization across LSTs. The company completed a $3.3M seed funding round to accelerate development, expand protocol features, and prioritize security, transparency, and usability. The raise and roadmap emphasize building public goods and developer tooling to drive broader DeFi adoption of LSTs.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023