The LSD protocol unshETH has completed a $3.3 million seed round financing, with participation from MH Ventures and others

ChainCatcher news, the LSD protocol unshETH has announced the completion of a $3.3 million seed round financing, with participation from MH Ventures, Soma Capital, ICONIQ Capital, EFENT, 922 Capital, Electric Ant, Backend Capital, The LAO, Fan Zhang (Sequoia China), Epakon, Ross Lipson, Marty Hu, Kevin Li (Goldsky), Jai Prasad, Ejaaz Alhamadeen, and 300DAO. The funds from this round will be used to accelerate protocol development and expand protocol functionalities.

It is reported that unshETH has enabled the LSDfi product vdAMM, which allows unshETH to be converted into AMM pools, enabling users to access deep liquidity in unshETH and swap between different LSDs.