Coinshift Launches Innovative Liquid Lending Token csUSDL
Coinshift's Groundbreaking csUSDL
Coinshift, a leader in onchain treasury management, has unveiled csUSDL, a liquid lending token (LLT) aimed at maximizing reward opportunities, security, and transparency for both individual and institutional investors. This launch follows the debut of Coinshift Business, a platform offering integrated payments and accounting services for DAOs and onchain businesses.
The Power Behind csUSDL
csUSDL is underpinned by USDL, a stablecoin backed by real-world assets and issued by Paxos International. This stablecoin is known for delivering yields directly to users and is supported by monthly audited reports. Reserves are held in US Treasury Bills and cash equivalents, ensuring transparency and compliance with FSRA regulation in ADGM.
Integration with DeFi Protocols
Built on Morpho, a leading non-custodial protocol, csUSDL connects users to DeFi borrowing and lending opportunities, allowing them to benefit from competitive rates without intermediaries. Morpho's platform boasts over $2 billion in crypto assets, highlighting its robust infrastructure.
Strategic Partnerships and Future Potential
Strategically partnered with Steakhouse Financial, csUSDL vaults are curated by stablecoin specialists collaborating with major on-chain companies like Lido and Arbitrum. Coinshift plans to offer users enhanced earnings through DeFi platforms, with csUSDL seamlessly integrated into the broader DeFi ecosystem.
Maximizing Yield Opportunities
csUSDL users may anticipate an annual yield of up to 10%, with potential APY increases through token rewards and partner programs. Coinshift envisions csUSDL becoming a staple in treasury strategies for businesses and DAOs, driving sustainable growth in DeFi.
Coinshift's Vision and Achievements
Founded in 2021, Coinshift manages $1 billion in Safe accounts and has facilitated $1 billion in payments for over 300 organizations, including Aave and Gitcoin. With backing from investors like Tiger Global and Sequoia, Coinshift continues to empower users to control their capital and maximize earnings through its innovative DeFi solutions.
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