As a reminder, the goal of Project Sentience is to launch a decentralized, open-source LSD along with a set of public goods into
18 Aug 2023, 13:43
As a reminder, the goal of Project Sentience is to launch a decentralized, open-source LSD along with a set of public goods into the LSDfi ecosystem that is set to supercharge LSD innovation over the year.
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918 Aug 2023, 13:43
5) reshETH depositors will be incentivized in 2 ways: (a) $SENT and (b) $USH token rewards. Our early supporters - Phase 0 donators - will start off with bonus $SENT. $SENT incentives will start out high and gradually decline to zero when shETH is launched. What is $SENT?
5) reshETH depositors will be incentivized in 2 ways: (a) $SENT and (b) $USH token rewards.
5) reshETH depositors will be incentivized in 2 ways: (a) $SENT and (b) $USH token rewards. Our early supporters - Phase 0 donators - will start off with bonus $SENT. $SENT incentives will start out high and gradually decline to zero when shETH is launched. What is $SENT?
18 Aug 2023, 13:43
4) reshETH withdrawals will be closed until Sentience ETH is live. At that point users will be migrated into Sentience ETH at the rather of 1 reshETH = 1 Sentience ETH (shETH) and given the opportunity to exit or continue staking.
4) reshETH withdrawals will be closed until Sentience ETH is live.
4) reshETH withdrawals will be closed until Sentience ETH is live. At that point users will be migrated into Sentience ETH at the rather of 1 reshETH = 1 Sentience ETH (shETH) and given the opportunity to exit or continue staking.
18 Aug 2023, 13:43
3) The goal of reshETH is bootstrapping TVL, not maximal low-risk diversification (like unshETH). Thus, weight limits and absolute caps will be set very loosely and the whitelisting process will be very quick - reshETH will start with 14 supported assets!
3) The goal of reshETH is bootstrapping TVL, not maximal low-risk diversification (like unshETH).
3) The goal of reshETH is bootstrapping TVL, not maximal low-risk diversification (like unshETH). Thus, weight limits and absolute caps will be set very loosely and the whitelisting process will be very quick - reshETH will start with 14 supported assets!
18 Aug 2023, 13:43
2) Users will receive the reshETH ERC-20 token upon depositing into the reshETH vault, initially at the rate of 1 staked ETH = 1 reshETH. This is immediately composable in DeFi, e.g. can be traded in a liquidity pool or used as collateral.
2) Users will receive the reshETH ERC-20 token upon depositing into the reshETH vault, initially at the rate of 1 staked ETH = 1
2) Users will receive the reshETH ERC-20 token upon depositing into the reshETH vault, initially at the rate of 1 staked ETH = 1 reshETH. This is immediately composable in DeFi, e.g. can be traded in a liquidity pool or used as collateral.
18 Aug 2023, 13:43
Here's how it will work:
1) reshETH will accept deposits in pretty much any form of ETH: unstaked ETH, major LSDs already whitelisted in unshETH (e.g. Lido ETH), meta-LSDs (e.g. unshETH itself), newer LSDs (e.g. mpETH), structured products (e.g. Sommelier YieldETH)
Here's how it will work:.
Here's how it will work:
1) reshETH will accept deposits in pretty much any form of ETH: unstaked ETH, major LSDs already whitelisted in unshETH (e.g. Lido ETH), meta-LSDs (e.g. unshETH itself), newer LSDs (e.g. mpETH), structured products (e.g. Sommelier YieldETH)
18 Aug 2023, 13:43
One of the biggest problems with existing bootstrapping kits is they tend to be "illiquid black-hole points farms" where users deposit a list of white-listed assets hoping for a future airdrop (e.g. EtherFi, EigenLayer) and locking away assets with no ability to compose in DeFi.
One of the biggest problems with existing bootstrapping kits is they tend to be "illiquid black-hole points farms" where users d
One of the biggest problems with existing bootstrapping kits is they tend to be "illiquid black-hole points farms" where users deposit a list of white-listed assets hoping for a future airdrop (e.g. EtherFi, EigenLayer) and locking away assets with no ability to compose in DeFi.
18 Aug 2023, 13:43
So what is reshETH - reshETH is a "bootstrapping kit" for new LSDs (including Sentience ETH) but our technology is open-source and available for all new LSD projects to use! Specifically, reshETH is a new vault and incentive layer to bootstrap TVL for Sentience ETH.
So what is reshETH - reshETH is a "bootstrapping kit" for new LSDs (including Sentience ETH) but our technology is open-source a
So what is reshETH - reshETH is a "bootstrapping kit" for new LSDs (including Sentience ETH) but our technology is open-source and available for all new LSD projects to use! Specifically, reshETH is a new vault and incentive layer to bootstrap TVL for Sentience ETH.
18 Aug 2023, 13:43
The goal of @unsheth_xyz is to promote validator decentralization and grow the ETH staking ecosystem. So all we're building is not just with the goal of what would benefit us the most, but rather what benefit the broader ecosystem and our partners rather than playing pvp games.
The goal of @unsheth_xyz is to promote validator decentralization and grow the ETH staking ecosystem.
The goal of @unsheth_xyz is to promote validator decentralization and grow the ETH staking ecosystem. So all we're building is not just with the goal of what would benefit us the most, but rather what benefit the broader ecosystem and our partners rather than playing pvp games.
18 Aug 2023, 13:43
USH core dev team spent all weekend on a 72 hr hackathon to build out Phase 1 of Project Sentience.
Introducing reshETH (receipt Sentience ETH)!
USH core dev team spent all weekend on a 72 hr hackathon to build out Phase 1 of Project Sentience.
USH core dev team spent all weekend on a 72 hr hackathon to build out Phase 1 of Project Sentience.
Introducing reshETH (receipt Sentience ETH)!