In the beginning, there was Proof of Work.

The prophecy foretold the launch of a Beacon Chain.

Early believers gathered around in anticipation of the Beacon Chain, and brought forth the first Liquid Staking Derivatives in 2020.

As the movement gained momentum, developers scrambled to launch their own liquid staking derivatives, each vying for a share of the newfound capital flowing into the ecosystem. Lido, Ankr, SharedStake, and Rocket Pool emerged as the early leaders, amassing huge amounts of capital and power in the process.

But as their power grew, so too did their centralization. The beacon chain, meant to usher in a new era of decentralization, was in danger of falling into the hands of a select few.

As Shanghai loomed near and gave hope for a changing of the guard, a group of warriors rose to the challenge. They were led by the wise Piandao, the agile Altair, and the mighty Achilles, who sought to bring balance to the force of validator power through incentive design.

Enter unshETH.xyz, a decentralized, on-chain initiative to improve validator decentralization. Born out of a belief that on Ethereum, we govern by incentives rather than laws.

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.

With the launch of unshETH, a new chapter in the blockchain saga begins. A chapter where validator dominance is not determined by a select few, but by the collective will of the community. A chapter where those who believe in true decentralization can stake their claim and be rewarded for it.

The unshETH manifesto is a clarion call for the guardians of true decentralization. Rise with us in the battle against the forces of centralization and secure your place in the future of an Ethereum that remains unwavering in its commitment to trustlessness, censorship-resistance, and immutability.

We call upon all those who share our belief in decentralization to join us in this endeavor.

Join us on our journey to preserve the integrity of the Ethereum network. Follow us on Twitter and Discord for updates on our progress, and to stay involved in the unshETH community. Together, we can make a difference in the future of Ethereum.

-Achilles, Altair, Piandao