Coinshift has launched csUSDL, a liquid lending token (LLT) backed by Paxos’ regulated USDL stablecoin, offering secure yield opportunities via DeFi protocols.
Coinshift introducing csUSDL
Coinshift, a prominent name in onchain treasury management, has introduced csUSDL, a liquid lending token (LLT) that is intended to enhance the security, transparency, and reward opportunities for both individual and institutional investors.
The announcement is made in conjunction with the launch of the new Coinshift Business, which provides free accountancy and payments services to onchain businesses and DAOs.
The USDL, a next-generation, RWA-backed stablecoin issued by Paxos International, serves as the foundation for the innovative treasury product, which is the first by Coinshift.
FSRA regulation in ADGM, transparency supported by monthly audited reports, and reserves held in US Treasury Bills and cash equivalents are among the unique features of USDL that are notable for transferring yield directly to users.
csUSDL leverages Paxos’ expertise, which has been refined in notable RWA initiatives like PayPal’s stablecoin PYUSD, to provide users with additional potential rewards by connecting to DeFi borrowing and lending protocols.
Morpho, an emerging category champion, is the foundation of Coinshift’s new LLT. Its non-custodial protocol enables csUSDL to capitalize on competitive borrowing rates and lending yields without intermediaries. Morpho’s primary product has deposits exceeding $2 billion in crypto assets.
Steakhouse Financial curates csUSDL vaults, which contributes to a robust network of strategic partners. The stablecoin specialists collaborate with prominent on-chain companies and DAOs, including MakerDAO, Lido, and Arbitrum. They provide guidance to token holders regarding the administration of USDS’s $2 billion treasuries program.
“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.”
The broader DeFi ecosystem is seamlessly incorporated with csUSDL. Opportunities for token incentives are available to users from Morpho, Coinshift, and other partners. Users will be able to optimize their earnings potential by employing strategies on specific DeFi platforms in the future.
The new LLT is accessible through Coinshift’s platform, which is indicative of the company’s ongoing dedication to deliberate design and an exceptional user experience. “It is a new era of secure, liquid lending,” asserts Gupta.
Coinshift’s projections indicate that holders of csUSDL may receive an annual yield of up to 10%. The company claims that the potential APY can significantly exceed that figure, as it is commensurate with the risk profile and engagement of individual users, as well as token rewards and DeFi and partner programs.
Coinshift’s stated mission is to bring the value of RWAs into DeFi to drive sustainable, long-term growth for users. “We envision csUSDL becoming an essential component of treasury strategies for businesses and DAOs, too,” adds the CEO.
