ETH
by BSCN
August 7, 2023
unshETH has completed a $3.3 million seed round featuring high profile investors such as Soma Capital and MH Ventures
unshETH, a decentralized finance protocol aiming to reinvent the burgeoning liquid staking industry, has closed its $3.3 million seed investment round which saw significant investment from Soma Capital, MH Ventures, and ICONIQ Capital.
unshETH has developed a novel DeFi primitive that fosters competition among ETH liquid staking protocols to promote validator decentralization, with the ultimate goal of delivering an unparalleled ETH staking experience to millions of users worldwide.
The protocol introduces the concept of unshETH Ether, an innovative ERC-20 token that represents a diversified liquid staked ETH basket, allowing users to enjoy the benefits of Ethereum staking rewards and swap fees generated by the unshETH vdAMM within a single token.
The proceeds from this most recent raise will be used to accelerate unshETH’s development efforts, with the end goal of providing users with an unmatched liquid staking experience.
A list of investors that participated in unshETH’s seed round:
UnshETH is a cutting-edge DeFi protocol that promotes validator decentralization and delivers the best Ethereum staking experience for millions of users. The protocol introduces the revolutionary unshETH Ether token, a diversified liquid staked ETH basket that earns Ethereum staking rewards and swap fees generated by the unshETH vdAMM, encapsulated within a single ERC-20 token. UnshETH Ether is also an Omnichain token, ensuring seamless transfers across ETH Mainnet, BNB Chain, and Arbitrum via LayerZero.
Latest News
4h : 27m ago
Quai Network Sets Mainnet Launch for January 29, 2025
6h : 12m ago
Phantom Wallet Secures $150M in Funding Round Led by Sequoia Capital and Paradigm
7h : 57m ago
Does Donald Trump Really Plan to Establish a U.S. Strategic Altcoin Reserve?
8h : 42m ago
Donald Trump Could Make Crypto a National Priority With Executive Order: Report
January 16, 2025
Jio Platforms Partners with Polygon Labs to Enhance Services for its 450M Users
January 16, 2025
2025 Blockchain Trends: Why AI Will Drive Web3 Growth
January 16, 2025
Texas and Oklahoma Propose Bitcoin Reserves
January 16, 2025
U.S. SEC Seeks to Overturn Ruling Favoring Ripple in XRP Case