Unstable Protocol

Rating B-
DeFiLSD2023 Founded

Unstable Protocol is an LRTfi-native lending protocol that enables users to borrow against their (re)抵押 ETH, unlocking the utility of their (re)抵押 ETH on Layer 2 blockchains.

01

Project Profile

Project Profile

Overall AssessmentB+ · Early-stage sector play · Constructive, worth watching as an early LRTfi opportunity

Unstable Protocol’s main edge is its clear positioning in the LRTfi-native lending niche, focusing on borrowing against restaked ETH and extending utility on L2s. The project also has funding support of about $2.5M, which helps validate the narrative. The key risk is that the sector is still early, with limited evidence of product traction and user scale, while community heat and market visibility remain weak; future upside depends heavily on real usage growth and ecosystem expansion.

AI Bull Case· 5
  • Targets the LRTfi-native lending niche with a clear and differentiated narrative
  • Addresses borrowing demand against restaked ETH, offering strong capital-efficiency potential
  • Raised about $2.5M, providing early resources and external validation
  • Operates across Ethereum / Fantom ecosystems, leaving room for cross-chain and L2 expansion
  • Founder & CEO is publicly identified, suggesting a relatively direct team structure and faster decision-making
AI Bear Case· 4
  • The sector is still early, and stable product demand has not yet been proven
  • Community heat and market attention are low, so growth depends heavily on future execution
  • Limited public team information makes it harder to judge execution and iteration capability
  • Token and incentive design details are limited, leaving long-term value capture less clear
3.8/ 5.0 Overall
Technical Architecture4.2
Market Performance3.6
Community Activity2.9
Tokenomics3.3
Team Background3.7
Token Concentration3
02

Funding History

Funding History
Funding rounds1
Total funding$2.5M
Latest roundSeed
Latest funding date2024-03-27
03

Team

Team

AI Team Profile AnalysisExecution 7.4 / 10

Public team disclosure is limited; the visible core is Founder & CEO Damocles, indicating a founder-led structure. The investor set includes crypto-native backers and media/community-oriented participants, which suggests early-stage support and narrative validation rather than a mature, institution-led cap table.

04

Product & Token

Product & Token
No product or token data available
05

Token Unlock Details

Token Unlock
No unlock schedule available
06

Ecosystem Network

Ecosystem
No ecosystem data available
07

On-chain Data

On-chain Data
No on-chain data available
08

News Updates

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