Ask about unshETH · freeTotal Value Locked$179,231
TVL by Chain
Ethereum$179,231
Key Metrics
Market Cap$16,894
$USH Price$0.0002
Fully Diluted Valuation$28,276
$USH Volume 24h$0
CEX Volume$0
DEX Volume$0
Total Raised$3.3m
Aug 7, 2023$3.3mRound: SeedInvestors: Soma Capital, MH Ventures, Iconiq Capital, EFENT, 922 Capital, Electric Ant, Backend Capital, The Lao, Fan Zhang, Epakon, Ross Lipson, Marty Hu, Kevin Li, Jai Prasad, Ejaaz Alhamadeen, 300DAO
Protocol Information
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.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubHacks
Date: May 31, 2023
Amount: $375,000
Classification: Frontend & Infrastructure
Technique: Key Stored Publicly
A developer leaked private deployment keys to GitHub, which an attacker exploited to drain $375K from the unshETH staking protocol. The attacker transferred ownership of smart contracts to themselves before the protocol emergency-paused withdrawals and the keys were secured.
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
unshETH history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 12, 2023 to Nov 1, 2026.
All-time high TVL: $37.76m on Apr 30, 2023. All-time low TVL: $58,682 on Feb 14, 2023.
Daily TVL, Oct 3, 2026 to Nov 1, 2026
| Date | TVL |
|---|---|
| Oct 3, 2026 | $211,996 |
| Oct 4, 2026 | $212,590 |
| Oct 5, 2026 | $215,662 |
| Oct 6, 2026 | $214,478 |
| Oct 7, 2026 | $213,388 |
| Oct 8, 2026 | $203,663 |
| Oct 9, 2026 | $195,676 |
| Oct 10, 2026 | $196,829 |
| Oct 11, 2026 | $198,300 |
| Oct 12, 2026 | $201,282 |
| Oct 13, 2026 | $193,642 |
| Oct 14, 2026 | $197,936 |
| Oct 15, 2026 | $191,554 |
| Oct 16, 2026 | $193,384 |
| Oct 17, 2026 | $191,677 |
| Oct 18, 2026 | $190,949 |
| Oct 19, 2026 | $190,850 |
| Oct 20, 2026 | $189,262 |
| Oct 21, 2026 | $194,509 |
| Oct 22, 2026 | $193,271 |
| Oct 23, 2026 | $188,745 |
| Oct 24, 2026 | $188,222 |
| Oct 25, 2026 | $186,422 |
| Oct 26, 2026 | $184,292 |
| Oct 27, 2026 | $183,441 |
| Oct 28, 2026 | $185,988 |
| Oct 29, 2026 | $185,369 |
| Oct 30, 2026 | $176,355 |
| Oct 31, 2026 | $178,660 |
| Nov 1, 2026 | $179,261 |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $466,339 |
| Jan 31, 2025 | $448,790 |
| Feb 28, 2025 | $318,425 |
| Mar 31, 2025 | $249,239 |
| Apr 30, 2025 | $251,212 |
| May 31, 2025 | $352,808 |
| Jun 30, 2025 | $348,062 |
| Jul 31, 2025 | $524,245 |
| Aug 31, 2025 | $599,570 |
| Sep 30, 2025 | $568,967 |
| Oct 31, 2025 | $307,193 |
| Nov 30, 2025 | $238,996 |
| Dec 31, 2025 | $239,077 |
| Jan 31, 2026 | $215,642 |
| Feb 28, 2026 | $154,118 |
| Mar 31, 2026 | $166,044 |
| Apr 30, 2026 | $180,876 |
| May 31, 2026 | $162,987 |
| Jun 30, 2026 | $127,012 |
| Jul 31, 2026 | $151,112 |
| Aug 31, 2026 | $190,997 |
| Sep 30, 2026 | $211,224 |
| Oct 31, 2026 | $178,660 |
| Nov 1, 2026 (latest) | $179,261 |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $4.13m |
| Dec 31, 2024 | $466,339 |
| Dec 31, 2025 | $239,077 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/unsheth
Frequently asked questions
What is unshETH's TVL?
As of Nov 1, 2026, unshETH has $179,231 in total value locked. TVL has decreased 16.2% over the past 30 days.
What chains does unshETH operate on?
unshETH operates on Ethereum. Ethereum holds the largest share at 100%.
What is the USH token price and valuation?
USH is currently trading at $0.0002. Its circulating market capitalization is $16,894, ranking it #11,153. Its fully diluted valuation is $28,276. Supply currently stands at 85.73m circulating, 143.5m total supply, 143.5m maximum supply.
How has USH performed recently?
USH is down 4.3% over the past 7 days and down 5.9% over the past 30 days. Its all-time high is $0.72, reached on Apr 13, 2023. The token is currently 100% below that level.
How does unshETH's TVL compare to similar protocols?
Among Indexes protocols tracked by DefiLlama, unshETH ranks #16 by TVL. The category holds $291.86m across 77 protocols, and unshETH accounts for 0.1% of that total. Similar protocols include SoSoValue Indexes, Enzyme Finance, Reserve Protocol, Chamber Vaults, Index Coop, Set Protocol, Asymmetry Finance, Alongside, Cryptex V1, and SHPRD.
Has unshETH ever been exploited?
unshETH has 1 recorded security incident. The most recent incident occurred on May 31, 2023 and involved $375,000. It was classified as Frontend & Infrastructure.