Brief Introduction
unshETH is a novel DeFi primitive that promotes validator decentralization by fostering competition among ETH liquid staking protocols to bring the best ETH staking experience to millions of users. unshETH's mission is simple — decentralization through incentivization. Through incentive engineering, unshETH aims to distribute capital across the LSD ecosystem in a manner that prioritizes validator decentralization.
Please note:
All information in this page is provided by the project team. Strictly for references only.
Project Highlights
unshETH is a diversified liquid staked ETH basket that earns staking ETH yield and swap fees, all wrapped in a single ERC-20 token. USH is the governance token and incentive layer for unshETH. It is used to grow unshETH TVL and liquidity, and to foster competition among liquid staking protocols.
Token Allocation:
Type | Percentage | Amount |
Liquidity Incentives | 47% | 67,445,000 |
Core Team | 13.60% | 19,516,000 |
Treasury | 13% | 18,655,000 |
Marketing | 5% | 7,175,000 |
Seed Investors | 5% | 7,175,000 |
Contributor | 5% | 7,175,000 |
CEX Liquidity | 5% | 7,175,000 |
Ecosystem Fund | 5% | 7,175,000 |
Burn | 1.40% | 2,009,000 |
Total Supply: 143,500,000 USH
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The MEXC Team
13 August 2023
