About unshETH Coin
unshETH Coin Docs. Here you will discover the unshETH ecosystem and how unshETH will be changing the ETH ecosystem to make it more resilient, censorship resistant, and accessible. Let’s start with the basics: is a decentralized, on-chain movement for improving validator decentralization. The Matrix
unshETH Coin monopolies from growing so large that they stifle innovation and endanger the economy by morphing into a central point of failure via the creation and enforcement of antitrust laws. On Ethereum, we govern not by laws, but by incentives. 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.
unshETH Coin Guild Coin Basic Point Table
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USH Price Live Data
The live unshETH price today is $0.141926 USD with a 24-hour trading volume of $305,236 USD. They update our USH to USD price in real-time. unshETH is down 13.30% in the last 24 hours. The current CoinMarketCap ranking is #3102, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
Validator Decentralization Mining (vdMining)
A token distribution mechanism that collectively rewards users at a higher multiplier, the more they are able to stake with LSD providers in proportions that align with a predefined optimal decentralization ratio This optimal ratio is determined by unshETH’s community and can be adjusted over time through governance proposals.
Validator Dominance Options (VDOs)
A probabilistic yield distribution mechanism in unshETH. This mechanism allows holders of a dominant LSD to sell “puts” on their validator dominance percentage, with the strike price set at a lower percentage than their current dominance. The option premia for these VDOs is advanced by the unshETH DAO, which then applies a liquidation preference on yields from VDO payouts to other LSD holders.
What makes your project unique?
We are the first DeFi protocol built natively on top of LSDs and have coined the phrase “LSDfi” which now describes several DeFi projects building on top of LSDs.
History of your project.
We launched about 4 weeks ago on Ethereum mainnet and now have nearly $2mm TVL and about $250k liquidity for our token.
What’s next for your project?
We have several integrations with LSDs and DeFi protocols on ETH L1, and will be expanding to other EVM chains in the next 5 weeks. We will also release a reference implementation of our new EIP-1435, designed to facilitate optimal routing of LSDs.
What can your token be used for?
USH serves as both a governance token for adjusting the parameters and rules of the unshETH protocol modules, and a staking token that is used as a “bond” in a PoS-like system to ensure LSDs participating in unshETH do not “misbehave”.
Where Can You Buy unshETH ?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest WBNB/WAIFU. e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include WBNB/WAIFU And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
Q: What is unshETH coin?
A: unshETH coin is a decentralized finance (DeFi) token built on the Ethereum blockchain. It is designed to track the value of ETH in the form of a stablecoin, meaning that its value is pegged to the value of Ethereum.
Q: How does unshETH coin work?
A: unshETH coin uses a smart contract on the Ethereum blockchain to maintain a 1:1 ratio between the value of the token and the value of Ethereum. This means that for every unshETH coin in circulation, there is an equivalent amount of ETH held in reserve.
Q: What is the purpose of unshETH coin?
A: The purpose of unshETH coin is to provide a way for Ethereum holders to earn yield on their holdings while still maintaining exposure to the underlying asset. Holders of unshETH coin can earn interest through staking, lending, or other DeFi protocols.