Coinshift Unveils csUSDL: A Revolutionary Liquid Lending Token to Boost Reward Opportunities and Transparency in DeFi

Abu Dhabi, UAE, November 21st, 2024 – In a bold move to redefine on-chain treasury management, Coinshift has launched csUSDL, a cutting-edge liquid lending token (LLT) designed to offer unmatched opportunities for both individual and institutional investors. The announcement follows the rollout of Coinshift Business, a new suite of no-fee payment and accounting services tailored for DAOs and on-chain businesses.

The csUSDL token is backed by USDL, a next-generation Real World Asset (RWA)-backed stablecoin issued by Paxos International. USDL stands out for its robust features, including compliance with the FSRA regulation in ADGM and full transparency via monthly audited reports. USDL reserves are held in highly liquid, low-risk assets like US Treasury Bills and cash equivalents, offering security while passing yield directly to users.

Coinshift has built csUSDL on the expertise of Paxos, whose track record includes the launch of major RWA projects such as PayPal’s PYUSD stablecoin. This partnership enhances csUSDL’s ability to deliver even higher yield opportunities for users by integrating with leading DeFi borrowing and lending protocols.

Unlocking New Potential with DeFi Integration

The new LLT benefits from integration with Morpho, a leader in non-custodial lending protocols. This collaboration allows csUSDL to tap into competitive borrowing rates and lending yields, without the need for intermediaries. Morpho’s protocol already holds over $2 billion in crypto assets, providing a solid foundation for csUSDL’s yield-generating potential.

Further enhancing the platform’s capabilities, Steakhouse Financial will curate csUSDL vaults, ensuring optimal management of the assets. Steakhouse Financial, known for its expertise with major DAOs and on-chain businesses like Lido, Arbitrum, and MakerDAO, will help guide users towards maximizing their returns in a secure and compliant environment.

A New Standard for Stablecoin Features

Coinshift’s founder and CEO, Tarun Gupta, emphasized the platform’s mission to remove the compromises traditionally associated with stablecoin features. “No individual or organization should have to choose between regulatory compliance, reward rates, and security,” he said. “With csUSDL, we are unlocking the full potential of the blockchain ecosystem—offering users security, transparency, self-custody, and seamless interoperability.”

Unparalleled Earning Potential for Users

csUSDL is deeply integrated with the broader DeFi ecosystem, enabling users to access a range of token incentives from Coinshift, Morpho, and other strategic partners. The platform’s seamless user experience reflects Coinshift’s ongoing commitment to delivering a superior product with robust functionality and a sleek design. Coinshift projects an annual yield of up to 10% for csUSDL holders, with potential APY far exceeding that, depending on individual engagement and risk profile, driven by rewards and DeFi strategies.

A Strategic Vision for the Future

Coinshift has long been a leader in on-chain treasury management, with over $1 billion in assets under management across Safe accounts. The company has provided payment solutions for more than 300 organizations, including prominent names like Aave, Starknet, Gitcoin, UMA, and Zapper.

By launching csUSDL, Coinshift is expanding its offering beyond institutional clients, allowing individual users to harness the potential of DeFi and RWAs to optimize their capital and earnings. This move further strengthens Coinshift’s position as a key player in the world of digital finance and on-chain treasury management.

For more information on csUSDL and how it can enhance your DeFi portfolio, visit coinshift.global.

About Coinshift

Founded in 2021, Coinshift is a leading on-chain treasury management platform that helps businesses and organizations maximize their capital’s potential in the decentralized economy. Coinshift currently manages $1 billion in assets, with a client base that includes industry giants like Aave, Starknet, and Gitcoin. Through its latest innovation, csUSDL, Coinshift is making DeFi and Real World Assets accessible to both institutions and individuals, empowering users to make the most of their assets in an evolving digital finance ecosystem.

Coinshift is backed by top-tier investors, including Tiger Global, Sequoia, ConsenSys, and Polygon.

Contact

Tom Albrecht

Head of Business

Coinshift

[email protected]