Coinshift csUSDL Tranche 1 (available till middle of February 2025)

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Final Tranche - available since middle of February 2025

About Coinshift

Since 2021, Coinshift has been a trusted partner in web3, managing $1B in Safe accounts and facilitating $1B in payments for leading organizations. Now, we’re leveraging this expertise to launch csUSDL—a cutting-edge Liquid Lending Token (LLT) that blends RWA-backed stability with blue-chip assets and DeFi flexibility, delivering daily rewards and ultimate control.

• Trusted by 300+ organizations, including Aave, Uniswap, Starknet, Gitcoin, UMA, and Zapper
• $17.5M raised from backers like Tiger Global, Sequoia, Polygon, and ConsenSys
• Last equity valuation: $150M

What is csUSDL?

csUSDL is a next-generation, RWA-backed, yield-bearing asset built on Morpho Protocol and powered by USDL (issued by Paxos). It combines stability, transparency, and high returns with DeFi flexibility.

• Liquid Lending Token (LLT): Represents tokenized USDL positions in Coinshift’s vaults, optimized for curated lending.
• Transparent Yields: Fully verifiable earnings from USDL and lending markets, independent of Coinshift’s control.
• Self-Custody: Full autonomy over your assets with flexible access to liquidity.
• Blue-Chip Collateral Lending: Lending secured by Steakhouse-selected collateral like WBTC and stETH.

Learn More about csUSDL and explore csUSDL on Morpho.

Reward program details

The total potential APR is up to 80.5%. Below is a detailed breakdown of the APR components:

1. Up to 18% Base APR on csUSDL (Yield & Rewards)

   • USDL Yield (T-bills): up to 5% APR
   • Lending USDL: Up to 6% APR (currently 1-2%)
   • Morpho Rewards: currently at 2-7% APR

2. 25% SHIFT Public Airdrop APR

   Bonus rewards provided to liquidity providers in the form of exclusive token airdrops.

   Vesting Schedule for public Airdrop

   • 20% unlocked at TGE (May 1, 2025)
   • 80% monthly linear vesting over 6 months post-TGE

3. 37.5% SHIFT Private Airdrop APR

   Coinshift is offering substantial SHIFT token rewards as part of its ecosystem growth initiative. Below is the reward breakdown: