unshETH
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Protocol TVL
About unshETH
unshETH is a protocol that aims to further validator decentralization by creating a marketplace for staked ETH liquidity in which LSD protocols can compete for ETH by offering the best yield.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
unshETH tokenomics and on-chain capital
unshETH's governance or utility token carries a market capitalisation of $10.6K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($10.6K) is small relative to deposits secured by the protocol ($186.6K); a mcap/TVL multiple of 0.06× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Security & Audits
unshETH Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Feb 15, 2023Listed on DeFiLlama
Protocol Profile
unshETH is a Indexes — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book. It is deployed on Ethereum. The codebase has been independently audited (1 report on file).
TVL Distribution by Chain
Supported Chains
Protocol Footprint
unshETH is a single-chain protocol, deployed exclusively on Ethereum — this concentrates execution risk but simplifies the trust model. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap ($10.6K) is small relative to TVL ($186.6K) — a mcap/TVL ratio of 0.06 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for unshETH — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Indexes protocols on Mantapex
unshETH is one of 7 Indexes protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Mantle Index Four Fund, Reserve Protocol, SoSoValue Indexes, and 3 more. These peer protocols collectively secure $532.1M in deposits, giving you a frame of reference for whether unshETH's own TVL is at the top, middle, or tail of the category.
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| unsheth | UNSHETH | 2.69% | $47.7K |
Recent unshETH news
Latest reporting from major crypto news outlets covering unshETH.
- Blockonomi
Ethereum Foundation Pulls $49M Worth of ETH from Staking: What's Behind the Move?
According to blockchain intelligence data from Arkham Intelligence, the Ethereum Foundation withdrew 17,035 ETH—valued at approximately $49 million—during the weekend. The…
- Blockonomi
Ethereum Foundation Withdraws $49M Worth of ETH Through Lido Protocol
Blockchain analytics from Arkham Intelligence revealed that the Ethereum Foundation withdrew 17,035 ETH, valued at approximately $49 million, during the past weekend. The…
Related protocols
Other DeFi protocols connected to unshETH by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Indexes protocols
Top protocols on Ethereum
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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