unshETH is a DeFi protocol that allows users to deposit their Liquid Staking Tokens (LSTs) to mint unshETH, a “basket” of ETH LSTs.
The protocol aims to improve validator decentralization among the different Liquid Staking Protocols via incentives. When the deposit ratio of the different LSTs is closer to the “optimal ratio” set by governance, unshETH holders will collectively earn higher yields as a result.