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unshETH DAO offers a decentralized finance protocol for minting and staking an ETH derivative token.
Founded in 2023 and based in California, US, unshETH DAO provides token allocation tools for decentralized finance users. Its protocol lets users deposit ETH or supported Lido Staked ETH to mint unshETH, a decentralized ETH staking derivative, and stake it to earn USH. In August 2023, it raised USD 3.3 million in seed funding from Soma Capital Management, 922 Capital, Backend Capital, Electric Ant Lab B.V. and Electric Feel Management.
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