SHIFT Protocol

Building the Yield Layer of Tomorrow

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[SHIFT Protocol @ShiftProtocol_]

New Feature: Shift External Points Marketplace

Shift Vaults pass over to their users 100% of the platform points they earn. Usually with a bonus on top:
- extUSD comes with a 10% Extended bonus
- Hibachi comes with a 30% Hibachi bonus
- risexUSDC comes with a 22.5% RiseX bonus

These points come in the form of Shift Wrapped External Points:
for example, 1 Extended Point that Shift earns through its vault, becomes 1 Shift Extended Point, distributed to our users. At TGE, these can be converted in the corresponding equivalent amount of tokens.

People want to be able to speculate on the future value of these points in an easier and safer way. There is demand and there is offer, but often people are scared or don't know how to handle pre-TGE OTC trades.
We heard your voice.

From today, Shift Wrapped Points can be traded directly for USDC on an orderbook-style marketplace. No escrow required, no waiting required.
Upon settlement of an order, you pay/receive USDC and the Shift Wrapped Points change owner immediately.

Come try it out: Extended and Hibachi points are already available, and soon we will add RiseX and Arcus points.

[ggmxbt @ggmxbt]

The points market at @ShiftProtocol_ is still open for some last-minute (month) purchases!

Those points are effectively Shift-wrapped Extended points:
- completely redeemable at TGE as if they were normal Extended Points, you will receive the corresponding $XTEN tokens directly in your wallet, or be able to claim them on Shift (depending on how the TGE will be executed);
- no collateral is needed for buyers or sellers, the points are directly transferred and USDC is also directly transferred;
- trades are entirely guaranteed by Shift, the purchases are not capped at x2 and transfers are immediate and irreversible.

[SHIFT Protocol @ShiftProtocol_]

@givenoxbt numbers check out

[SHIFT Protocol @ShiftProtocol_]

Another Weekly Update

Our top 2 performing vaults for the week are:
- @hibachi_xyz vault with 33.20% APY
- @risextrade vault with 13.33% APY

We also have important news concerning other Shift products.

First of all, upon @extendedapp migration to Arc, we will perform extUSD migration to @arc, and users will start enjoying increased rewards and extra points.
The migration is scheduled for Thursday, this week, and preparation is already ongoing, as announced earlier.

Secondly, our @arcus_xyz vault entered the last stretch of internal testing. During the last month of testing, the strategy achieved an average APY of 16.15%, and generated volume of 3x its AUM. We will soon open deposits on @RobinhoodCrypto Chain.

[SHIFT Protocol @ShiftProtocol_]

Weekly Update on Shift Vaults

It was overall a strong week, with our Lighter and @risextrade vaults reaching double digits APY, while the @hibachi_xyz vault marked a fresh ATH in Share Price.

We will soon share an announcement concerning the improvement of two vaults and the release of the Arcus Vault!

[Extended @extendedapp]

Extended moves to @arc on Thursday.

Settlement migrates from Starknet to Arc on October 22 at 13:00 UTC. The migration is planned with no interruption to trading. Positions can still be liquidated during this time, so top up margin beforehand. Transfers between sub-accounts stay open.

Most accounts need to do nothing. Your account, sub-accounts, positions, orders, history, points and keys carry across unchanged. USDC migrates as native USDC, ETH migrates 1:1 as wETH, and Vault (XVS) balances and withdrawal rights are preserved.

If you hold more than $1 of USDT or wBTC in any sub-account, you must act by 12:00 UTC on October 21:
- Authorise the conversion in-app. USDT converts to USDC and wBTC to cirBTC at 1:1 during the migration, with no swap fees. Extended credits a 0.50% premium.
- Or withdraw both assets.

If you miss the deadline, your whole account will be restricted for up to 30 minutes on October 21 while Extended cancels orders, closes positions in the affected sub-accounts at mark price with no fees, and returns your USDT and wBTC to your login wallet.

Deposits and withdrawals will be paused for up to 2 hours during the migration.

Full details can be found in the documentation: https://t.co/1Wcf7uouXN

[SHIFT Protocol @ShiftProtocol_]

@jessepollak @base We are working on some of this! Can we slide in your DMs?

[SHIFT Protocol @ShiftProtocol_]

@Dhruv_Sniper @risextrade @risechain @sam_battenally @avagt17 Check out Shift’s RiseX vault if you’re interested in 32% bonus points with passive yield (13.33% APY last week)!

[SHIFT Protocol @ShiftProtocol_]

Today we sent live the RiseX Market, and an user just executed the first purchase at $3.33 / point.

Points earned via our RiseX USDC Vault can be traded on Shift's Points Marketplace without the need of locking 100% of your collateral or having your return capped at 2x.

How does it work?
Shift accumulates points via its strategies, including RiseXUSDC. These points are then distributed to our users in the form of "Shift Wrapped Points" with an added bonus, coming from us or our partners (or a mix).

Via Shift's Points Marketplace you can trade the points (buy or sell them) on @arbitrum, directly receiving USDC for your sales.

How is this different from a normal points OTC Marketplace?
OTC Marketplaces have four issues that we try to solve:

1. Trust: many users would like to buy points or sell their points, but they do not trust the intermediary, which is generally a telegram group chat or an individual. Here, every trade is guaranteed and backstopped by Shift.

2. Capital Efficiency: another thing that users don't like is locking their capital for weeks or months, waiting for the points to become transferrable or to be converted in tokens. This doesn't happen with Shift.
Since the points are wrapped by Shift, we immediately transfer them to the buyer once the trade is executed, and the seller immediately receives his USDC.

3. Wait time: OTC markets are generally dependent on their manager to be up and awake. If they're not (timezone, lack of time, lack of commitment) you may struggle to place an order or a trade. Shift's market is live 24/7 and completely independent from Shift's team availability.

4. Transparency: with OTC chats you generally are never sure of being properly matched with counterparties. Who is the counterparty? Is the middleman really acting in your best interest?
This is not an issue with our Points Marketplace, since everything is handled like an orderbook.

One last reminder:
To earn points, you can deposit in each of the vaults.
For RisexUSDC, there is also a Pendle Pool available. You can LP in the pool or buy/mint YTs (or buy PTs if you don't want points) to accelerate your point accrual even more!

[SHIFT Protocol @ShiftProtocol_]

New Feature: Shift External Points Marketplace

Shift Vaults pass over to their users 100% of the platform points they earn. Usually with a bonus on top:
- extUSD comes with a 10% Extended bonus
- Hibachi comes with a 30% Hibachi bonus
- risexUSDC comes with a 22.5% RiseX bonus

These points come in the form of Shift Wrapped External Points:
for example, 1 Extended Point that Shift earns through its vault, becomes 1 Shift Extended Point, distributed to our users. At TGE, these can be converted in the corresponding equivalent amount of tokens.

People want to be able to speculate on the future value of these points in an easier and safer way. There is demand and there is offer, but often people are scared or don't know how to handle pre-TGE OTC trades.
We heard your voice.

From today, Shift Wrapped Points can be traded directly for USDC on an orderbook-style marketplace. No escrow required, no waiting required.
Upon settlement of an order, you pay/receive USDC and the Shift Wrapped Points change owner immediately.

Come try it out: Extended and Hibachi points are already available, and soon we will add RiseX and Arcus points.

[SHIFT Protocol @ShiftProtocol_]

@LyfherCrypto @risextrade If you’re farming RiseX, would you be interested in trying out Shift’s RiseX vault?
The vault gives you both passive yield (12.67% APY last week) and 32% bonus points 🔥

[SHIFT Protocol @ShiftProtocol_]

@Rihea0 @OndoPerps @risextrade @arcus_xyz @DecibelTrade @Canborsa_DEX If you’re planning to farm RiseX, how about starting easily with us?
You can earn 32% extra bonus points while earning passive yield (12.67% APY last week) with Shift’s RiseX vault!
Leave the hedging and strategy to us while earning the rest 👀

[SHIFT Protocol @ShiftProtocol_]

@onchainmonk Would you be interested in farming RiseX with us?
Shift’s RiseX vault gives you 22% extra bonus points in top of its passive yield (12.67% APY last week)!
Feel free to take a look 👀

[SHIFT Protocol @ShiftProtocol_]

@Lady_Farming @arcus_xyz If you’re back on RiseX, would you be interested in trying out Shift’s RiseX vault?
Our vault gives you 22% additional bonus points on top of passive yield (12.67% APY as of last week)
Feel free to take a look 👀

[SHIFT Protocol @ShiftProtocol_]

@johnN5c You can also easily farm RiseX with us!
Shift’s RiseX vault gives you passive yield (12.67% APY last week) and 22% additional bonus points
Come check it out 👀

[SHIFT Protocol @ShiftProtocol_]

@htoomnaing1 @risextrade @variational_io @Lighter_xyz Would you be interested in getting more RiseX exposure?
Shift’s RiseX vault gives you passive yield (12.67% APY last week) as well as 22% extra bonus points 🔥
Feel free to check it out!

[SHIFT Protocol @ShiftProtocol_]

@Rihea0 And 3 of them are on Shift!
Come check out our RiseX vault for 22% extra bonus points and passive yield 👀 (12.67% APY last week)

[SHIFT Protocol @ShiftProtocol_]

@chivasxbt You can also farm both points and passive yield at Shift!
Our RiseX vault gives you 22% bonus points on top of yield (12.67% APY last week)!
Would you be interested in trying it out?

[SHIFT Protocol @ShiftProtocol_]

@EthanDeFi_ If you’re interested in farming some yields, how about trying Shift’s automated vaults?
The vaults give you passive yield + points.
Our Lighter vault had 15.48% APY as of last week with a lifetime APY of 9.76% 🔥

[SHIFT Protocol @ShiftProtocol_]

@krishna__web3 @variational @lighter @Hyperliquid @arcus How about also joining Shift to farm passive yields + points?
Our Lighter vault gave 15.48% APY last week!

[SHIFT Protocol @ShiftProtocol_]

@SantosAirdrop @variational_io @TxFlow_L1 @risextrade @nadoHQ If you’re betting on RiseX, how about getting more exposure with Shift?
Our RiseX vault gives you 22% extra bonus points on top of passive yield (12.67% APY last week) 🔥

[SHIFT Protocol @ShiftProtocol_]

@killstoryyy @risextrade @arcus_xyz @dYdX @TxFlow_L1 How about also getting RiseX exposure with Shift?
Our RiseX vault gives you passive yield (12.67% APY last week) and 22% additional bonus points ➕➕

[SHIFT Protocol @ShiftProtocol_]

@onchainmonk If you’re stacking RiseX points, how about trying our RiseX vault?
The vaults is automated and gives you 22% bonus points on top of passive yield (12.67% APY last week)