Introduction

Welcome to the unshETH 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:

Explainer Series

If you are new to DeFi, we recommend you start with our explainer series. These articles will help you understand the basics of staking, liquid staking, and unshETH.

Otherwise let's start with the basics:

What is unshETH?

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.

What is LSDfi?

LSDfi refers to a new class of DeFi primitives that are built on top of liquid staking derivatives (LSDs) in order to enable markets on staking yields, validator monopolies, slashing risks, and even validator censorship. LSDfi enables use cases such as validator decentralization mining, validator dominance options, interest rate swaps, yield speculation, and efficient risk pricing. These mechanisms allow users to take advantage of the unique properties of liquid staking derivatives, and can similarly be used to improve healthy competition among validators and restrict capture of the consensus layer.