Coinshift, a key player in on-chain treasury management, has unveiled csUSDL, a liquid lending token (LLT) crafted to enhance reward opportunities, security, and transparency for individual and institutional investors. The recent announcement comes on the heels of the launch of Coinshift Business. This groundbreaking platform seamlessly combines payment and accounting solutions and is free for DAOs and on-chain enterprises.
Coinshift has launched its first groundbreaking treasury product, supported by USDL, an advanced stablecoin backed by real-world assets and issued by Paxos International. USDL stands out by delivering yield straight to its users. Its distinctive attributes encompass FSRA regulation in ADGM, a commitment to transparency backed by monthly audited reports, and reserves securely held in US Treasury Bills and cash equivalents.
csUSDL leverages Paxos’ deep expertise, refined through significant RWA initiatives like PayPal’s stablecoin PYUSD, to enhance users’ potential rewards by integrating DeFi borrowing and lending protocols.
Coinshift has unveiled its latest LLT, leveraging Morpho, a rising star in the defi space. This non-custodial protocol empowers csUSDL to tap into lending yields and attractive borrowing rates, all while eliminating the need for intermediaries. Deposits on Morpho’s flagship offering have surpassed $2 billion in digital assets.
“No individual or organization should have to compromise between stablecoin features such as reward rates or regulatory compliance,” says Coinshift founder and CEO Tarun Gupta. “With csUSDL, we have found a way to leverage all the potential of the blockchain ecosystem: security, transparency, self-custody, and interoperability. Users no longer need to choose between liquidity and yield.”
Steakhouse Financial expertly curates csUSDL vaults to strengthen its ecosystem, enhancing the network of strategic partners. The experts in stablecoins collaborate with top-tier on-chain entities and decentralized autonomous organizations like Lido and Arbitrum, alongside MakerDAO, providing strategic guidance to token holders on the oversight of USDS’s impressive $2 billion treasury initiative.
csUSDL effortlessly connects with the expansive DeFi landscape. Users can tap into exciting token incentives offered by Coinshift, Morpho, and various other partners. Plans involve empowering users to maximize their earning potential by leveraging strategies on curated DeFi platforms.
The latest LLT is available on Coinshift’s platform, showcasing the company’s dedication to delivering an exceptional user experience and meticulously crafted design. “We are entering a groundbreaking phase of secure and liquid lending,” states Gupta.
Coinshift’s projections indicate that csUSDL holders could enjoy an annual yield reaching as high as 10%. Fueled by token rewards, DeFi initiatives, and strategic partnerships, the potential APY can significantly surpass that figure, according to the company, aligning with each user’s engagement level and risk appetite.
