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Summary of unshETH Ether
- unshETH Ether is a diversified liquid staked ETH index.
- Earns staking ETH yield and swap fees.
- Wrapped in a single omnichain ERC-20 token.
- Available on ETH, BNB Chain, and Arbitrum.
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Users can:
- Mint unshETH by depositing supported ETH liquid staking tokens.
- Redeem a mix of underlying LSDs proportional to the current deposit ratio.
- Swap between LSDs up to their maximum weight as determined by governance.
- Earn ETH staking yield + swap, deposit, and redemption fees by holding unsh
Introducing UnshETH: The Pioneering Ether
Introducing unshETH Ether, a diversified liquid staked ETH index that generates both staking ETH yields and swap fees, conveniently packaged in a single, omnichain ERC-20 token accessible across ETH, BNB Chain, and Arbitrum.
Within the unshETH ecosystem, users are empowered to: mint unshETH by depositing a supported ETH liquid staking token (e.g., wstETH, cbETH, rETH, sfrxETH) on the Ethereum network; redeem a blend of the underlying LSDs in proportion to the current deposit ratio for each unshETH; swap between LSDs up to their maximum weight as determined by governance; earn ETH staking yield, as well as swap, deposit, and redemption fees, simply by holding unshETH; and bridge unshETH to BNB Chain or Arbitrum to participate in decentralized finance (DeFi) opportunities.