SHIFT Protocol

Tokenizing all the uncollected high yield opportunities, wherever they are.

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[SHIFT Protocol @ShiftProtocol_]

Shift v2 UI is live.

We listened to the feedbacks you all provided in the last months and we did our best to implement them.
The UI is now:
- more complete
- more responsive
- prepared for the new vaults we will be launching in the next weeks

Soon the v2 contracts, audited by @SBSecurity_, will also go live and we will start migrate some of the vaults.

hibaUSD @hibachi_xyz vault cap was also slightly increased.
hibaUSD is our funding arbitrating strategy, operating across Hibachi and other venues to deliver a market neutral yield.

[SHIFT Protocol @ShiftProtocol_]

Shift x Hibachi

hibaUSD now integrates Hibachi’s new forex perps: EURUSD, GBPUSD, AUDUSD.

Same delta-neutral engine: cross-venue arbitrage + funding arbitrage, just now crypto and FX, not crypto only.

a reminder that hibaUSD also earns 30-200% bonus Hibachi points depending on performance (200% bonus when underperforming, 30% when overperforming in USD terms).
Bonus points are sponsored by Shift.

More forex pairs ahead as Hibachi prepares its Arc (Circle L2) rollout.

[SHIFT Protocol @ShiftProtocol_]

February to April was the hardest period of the last 2 years in terms of funding rates.

Fast forward two months, how did our yields change?

Last week we got:

- hibaUSD overperformed the 10% benchmark with 15.04% APY
- extUSD maintained a steady approx. 4.8% APY over the last month (with an acceleration in the last 3 weeks), and 7.29% when accounting for points at current OTC prices
- vGRVT maintained an APY 6.73% and an outstanding 13.35% APY when factoring points at the valuation of the most recent GRVT fundraise
- ltLLP had a great week at 12.58% APY

As always a reminder that hibaUSD and ltLLP also receive Lighter S3 points which are allegedly being accounted for but not distributed yet.

[SHIFT Protocol @ShiftProtocol_]

Shift's weekly point summary

It is finally spring and the funding conditions are also improving! Hopefully, we can expect some better yields for the upcoming weeks 🤲

Did you know that our extUSD vault currently has 0% fees?
If you're interested in Extended, come take a peek 👀

[SHIFT Protocol @ShiftProtocol_]

@Aayyan120 @tradehotstuff @reya_xyz @hibachi_xyz @01Exchange @variational_io @risextrade And you can get even more Hibachi points with Shift’s delta neutral hibaUSD vault. Receive passive yield while earning 300% extra bonus points!
Hibachio 🔥

[SHIFT Protocol @ShiftProtocol_]

@rendacripto100 @hibachi_xyz What about getting even more Hibachi points with our hibaUSD vault? Passive yield + 300% extra bonus points!
Hibachio 🔥

[SHIFT Protocol @ShiftProtocol_]

@Han_Slay_02 @hibachi_xyz Stack some more points with Shift’s hibaUSD vault: 300% extra bonus points in top of passive yield!
Hibachio 🔥

[SHIFT Protocol @ShiftProtocol_]

@Peter_rock07 @01Exchange @DecibelTrade @Dreamcash @dango @etherealdex @extendedapp @grvt_io @hibachi_xyz @variational_io @nadoHQ @Ostium @pacifica_fi @ProprXYZ Time to farm some points with Shift’s vaults:
- extUSD for 0 fees
- GRVT for 30% extra points
- hibaUSD for 300% extra points
All while receiving passive yield 🔥

[SHIFT Protocol @ShiftProtocol_]

@akira_crypto0 @hibachi_xyz Hibachiのポイ活なら、ShiftのhibaUSD vaultでイールドと300%ボーナスポイントを与えらる
是非お試��ください🔥

[SHIFT Protocol @ShiftProtocol_]

Our @ethos_network integration is live.

Ethos Score >1400 → +20% Shift Points boost on deposits (all vaults). No X link needed, just deposit with a wallet tied to your Ethos profile.

Score >1400 also automatically unlocks referrals: 5% bonus on all Shift + External Points your invitees earn, lifetime.

[SHIFT Protocol @ShiftProtocol_]

@yoonjaecheol1 @Haskell_Gz @arc @hibachi_xyz 🔥

[SHIFT Protocol @ShiftProtocol_]

@i_liu25 @hibachi_xyz ShiftのhibaUSD vaultのポイ活もどう？
Passiveイールド+300%ボーナスポイント付与中です！🔥

[SHIFT Protocol @ShiftProtocol_]

@DhaLochan @hibachi_xyz How about farming even more points easily with Shift’s hibaUSD vault? Come take a look for passive yield and 300% extra points!
Hibachio 🔥

[SHIFT Protocol @ShiftProtocol_]

@0xYkp @hibachi_xyz @cascade_xyz @nadoHQ If you’re interested in Hibachi and GRVT, what about getting more exposure to them with us?
Our GRVT gives you 30% extra points meanwhile our hibaUSD vault gives you 300% extra ones 🔥

[SHIFT Protocol @ShiftProtocol_]

@Alucad_99 @01Exchange @DecibelTrade @Dreamcash @dango @etherealdex @extendedapp @grvt_io @hibachi_xyz @variational_io @nadoHQ @Ostium @pacifica_fi @reya_xyz Time to farm some points with Shift’s vaults (passive yield + bonus points!):
- GRVT vault for 30% extra points
- extUSD for 0 fees
- hibaUSD for 300% bonus points
Choose your vault 👀

[SHIFT Protocol @ShiftProtocol_]

@antonionom21914 @extendedapp yes it's correct, there's a withdrawal queue of 7 days

[SHIFT Protocol @ShiftProtocol_]

We’ve launched a new migration route for our users wanting to move between ltPARA and extUSD.

Through DefiLlama Swap, you can now migrate instantly with no withdrawal process and no 7-day waiting time. Simply swap ltPARA into extUSD in one click.

This makes the transition faster and simpler for users looking to move into extUSD. Liquidity is deployed in a single bin, to minimize price impact.

[SHIFT Protocol @ShiftProtocol_]

@antonionom21914 @extendedapp The LP pair was established only between ltPARA and extUSD (could swap back and forth between those two tokens), but since it had 0 utilization in the first month, it was sunset and liquidity was redeployed

[SHIFT Protocol @ShiftProtocol_]

@hermit_boy11 是非ShiftのGRVT vaultでポイ活を！
Passiveイールド + 30%ボーナスポイント付与中です♪

[SHIFT Protocol @ShiftProtocol_]

@Alucad_99 And 3 of them are on Shift!
Our GRVT vault gives you 30% extra bonus points on top of passive yield whereas our extUSD vault has 0 fees 👀

[SHIFT Protocol @ShiftProtocol_]

@louisdives @variational_io @extendedapp @hibachi_xyz @01Exchange @risextrade @cascade_xyz @dango @perpltrade @StandX_Official @tradehotstuff We would recommend to try out Shift’s vaults 🔥
Passive yield + extra bonus points with our automated vaults
Our extUSD vault has no fees meanwhile our hibaUSD vault gives you 300% extra points 🥂

[SHIFT Protocol @ShiftProtocol_]

@So_Points @variational_io @extendedapp @hibachi_xyz @sodex_official @01Exchange @risextrade @cascade_xyz @perpltrade @StandX_Official @tradehotstuff @dango @jtx_trade @ProofMarkets @HundredExchange @NeuraMarkets @OndoPerps @nonlogs @popdex_ Both Extended and Hibachi are available on Shift!
Our vaults give you passive yield and extra points (300% extra bonus points for hibaUSD vault)
Meanwhile our extUSD has currently no fees! 🔥