unshETH is a movement of visionary pioneers committed to bringing validator decentralization to Ethereum. We have successfully raised $3.3 million in our seed round.

Joining us in this ambitious journey are renowned investors such as:

• Soma Capital

• The LAO

• Backend Capital

• 922 Capital

• Electric Ant

• EFENT

• Fan Zhang (Sequoia China)

• Epakon

• Ross Lipson

• Marty Hu

• Kevin Li (Goldsky)

• Jai Prasad

• Ejaaz Alhamadeen

• 300DAO

• MH Ventures

This funding will bolster our development efforts around Project Sentience and help us make Ethereum staking more accessible and decentralized for millions of users.

In this round, the allocation to our venture capital partners has been structured for maximal alignment with core team members and contributors. Investors have received their allocation directly from the core team's allocation, ensuring a cohesive partnership. In addition to the token allocation, they have also been granted equity in unshETH Labs. As a result, the investor allocation’s vesting schedule will mirror that of the core team allocation. Instead of 20% being allocated to the core team, 15% is now reserved for the core team and 5% has been allocated to investors, who unlock linearly over 2.5 years along with the team. Further details of this allocation can be seen in the graphic below.

Why unshETH? We are uniquely focused on leveraging the incentive engineering innovations of DeFi to simultaneously improve the liquid staking experience and strengthen the Ethereum network’s antifragility.

This is more than a technological advancement. It's a philosophical alignment with the decentralized spirit of crypto, reflecting the ideals of autonomy, innovation, and fairness. The same ideals that drove the creation of Ethereum itself. unshETH Labs is dedicated to innovating in the Ethereum staking space - via R&D that contributes to new protocol developments such as vdAMM and Project Sentience, consulting services to help partner with and help ecosystem LSDFi projects, and investments and/or grants in high impact partnerships.

Our goal is to build a system integrated with the principles of decentralization, providing a maximally capital-efficient liquid staking experience across the nascent LSDfi industry.

The Road Ahead

As we embark on this voyage, we are committed to building in public. Here's a glimpse into the next few months for unshETH:

• Project Sentience Phase 1: Launch of reshETH, a meta-LSD designed to facilitate the creation of a new LSD.

• UWP for shETH: An upcoming governance vote will decide Sentience ETH’s (shETH) inclusion in the unshETH basket. This proposal, potentially accompanied with $SENT bribes to vdUSH holders, aims to drive value to our vdUSH holders and deepen our community's engagement.

• $SENT Mechanics Unveiled: Stay tuned for forthcoming details on $SENT mechanics, including exclusive benefits for Project Sentience Phase 0 donors. Phase 0 supporters will enjoy a pre-allocation of $SENT from day 1.

• Project Sentience Liquidity Bootstrapping Kit: We are excited to announce the release of this innovative kit, leveraging the vdAMM and other DEXes. This will enable new LSDs to seamlessly acquire TVL and grow secondary liquidity, introducing Liquidity-as-a-Service to LSDs old and new.

• zkDeFi Primitives for LSDs: In our pursuit of greater decentralization, we will release zkDeFi primitives that will further bulletproof the LSD stack. This groundbreaking initiative underscores our unwavering dedication to the decentralized spirit of crypto.

• Sentience ETH launch: Phase 2 of Project Sentience will involve the launch of our own fully open-source LSD, shETH.

We're also looking to expand our talented team. If you're interested in making history with us, please contact us at careers@unsheth.xyz.

We extend our heartfelt gratitude to our early supporters, partners, and believers who have made this possible. Together, we are building a more transparent, decentralized, censorship-resistant Ethereum.