unshETH Ether is a diversified liquid staked ETH index that earns staking ETH yield and swap fees, all wrapped in a single omnichain ERC-20 token available on ETH, BNB Chain, and Arbitrum.
Within the unshETH ecosystem, users can:
- Mint unshETH by depositing a supported ETH liquid staking token (e.g. wstETH, cbETH, rETH, sfrxETH) on Ethereum
- Redeem a mix of the underlying LSDs proportional to the current deposit ratio for each unshETH
- Swap between LSDs up to their maximum weight as determined by governance
- Earn ETH staking yield + swap, deposit and redemption fees by simply holding unshETH
- Bridge unshETH to BNB Chain or Arbitrum to participate in DeFi