Earn real yield with csUSDL
Liquid, versatile, and secured by the best.
Self custody
Transparency
Versatility
Compliance
Security
Self custody
Transparency
Versatility
Compliance
Security
Self custody
Transparency
Versatility
Compliance
Security
Yield-optimized risk
Daily returns
RWA backing
Blue-chip stablecoins
Bespoke asset management
Yield-optimized risk
Daily returns
RWA backing
Blue-chip stablecoins
Bespoke asset management
Yield-optimized risk
Daily returns
RWA backing
Blue-chip stablecoins
Bespoke asset management
Home to a new generation of RWAs
Unlock more than 10% APY using csUSDL, a new Liquid Lending Token (LLT) backed by real-world assets. Access transparent, secure yield onchain for your personal use or for your business. Boost earnings with multiple integrated reward streams while enjoying user control, stability, and versatility.
Rewards Ecosystem
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A new standard
Trusted by titans of the web3 ecosystem since 2021, Coinshift has managed $1B in Safe accounts and helped organizations power $1B in payments. Now, we’re using our knowledge to build a new, highly secure home for csUSDL, an LLT that combines RWA-backed stability and blue-chip assets with the flexibility of DeFi. So you can choose your own adventure – and see rewards every day.
Trusted by
Influence the future of stablecoins
Backed by real-world assets, csUSDL represents a new era of financial products that unlock maximum yield while safeguarding users. We believe that innovation does not happen in isolation. Web3 builders and thinkers are invited to apply to be a Coinshift Founding Member and help us pave the way to a sovereign financial future, powered by the most radical and intuitive products in DeFi.
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Join 100+ founding members including
DeFi Made Here,
Instadapp
Julian Grigo,
Safe
Rena O Brian,
Gitcoin
Sergey Kravtsov,
Papaya
Thijs Maas,
Onramper
OxFoobar,
Clusters
FAQ
Lift Dollar (USDL) is a stablecoin pegged to the US dollar and managed by Paxos International (the entity behind PayPal USD and PAXG). USDL holders get up to 5% APY from US Treasuries and cash equivalents.
Coinshift USDL (csUSDL) is a liquid lending token (LLT). It represents the tokenized position of USDL in the Coinshift USDL Vault.
An LLT is a tokenized representation of an asset deposited into an ERC-4626 compliant lending vault for composability. They accrue yield over time, and represent the holder's proportional share of the vault's liquidity and earnings.
You can mint csUSDL by depositing USDL in the csUSDL vault.
Yes. In fact, if you are already a Coinshift user, you can transfer your assets from your Coinshift account to your preferred wallet to participate in our latest season. Simply follow the steps detailed here.
In addition to USDL issuers Paxos International – the RWA experts behind PayPal’s stablecoin, PYUSD – Coinshift has joined forces with Morpho and Steakhouse Financial.
Morpho (formerly known as Morpho Blue) is a decentralized protocol enabling the overcollateralized lending and borrowing of crypto assets, with a TVL over $2B. Their permissionless protocol allows csUSDL to benefit from lending yields and competitive borrowing rates without intermediaries.
Steakhouse Financial is a leading crypto-native financial advisory, with domain expertise in stablecoins and RWAs. Their largest vault on Morpho till date has ~$60M TVL. csUSDL vaults are curated by Steakhouse Financial.
Users can borrow USDL against bluechip assets like wstETH and WBTC. Deposit USDL into a low-risk Morpho vault, curated by Steakhouse Financial, and you can earn additional borrow interest and rewards in SHIFT and other tokens.
SHIFT is Coinshift's reward token. Stablecoin holders can earn SHIFT by depositing USDL in the Coinshift USDL vault.
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