🥁 THE WAIT IS OVER!
csUSDL is now live on @pendle_fi.
Trade, LP, or earn fixed yield on an institutional-grade, yield-bearing stablecoin — and stack up to 30x Shift points.
Here’s everything you need to know 👇
TL;DR
• Pool Maturity: July 31, 2025 (97 days to go!)
• Buy PT-csUSDL: Lock in fixed yield until maturity
• Buy YT-csUSDL: Get leveraged exposure to base yield + Shift points
• Hold LP-csUSDL: Earn base yield, Shift points, and $PENDLE incentives
1️⃣ What is csUSDL?
Coinshift’s yield-bearing stablecoin backed by @Paxos’ USDL (T-bills) + @MorphoLabs lending.
Where does the base yield come from?
• T-Bill yields
• DeFi lending markets on Morpho
• $MORPHO incentives
2️⃣ What can you do with csUSDL on Pendle?
i. Lock in fixed yield?
Buy PT-csUSDL to secure a fixed return until July 31, 2025.
(You forgo variable yield and SHIFT points for predictability.)
ii. Bullish on yield and airdrops?
Buy YT-csUSDL to earn 100% of csUSDL’s yield +
→ 30x Shift points until May 21
→ 20x thereafter, until maturity
(Just note: YT expires at maturity.)
iii. Want exposure to both sides?
Holding LP-csUSDL earns you:
• Yield from SY + PT
• $PENDLE incentives (already live)
• Swap fees
→ Plus, 30x Shift points on the SY portion (until May 21)
The csUSDL pool is already eligible for $PENDLE emissions. Incentives will increase as votes and demand grow via @Penpiexyz_io / @Equilibriafi (coming soon).
ℹ️ What’s SY-csUSDL?
• SY is the wrapped version of csUSDL used on Pendle
• It gets split into PT + YT
• Makes up the majority of LP-csUSDL
• You get SY automatically when you zap into the csUSDL pool
4️⃣ The SHIFT points program is already live!
Ready to get started? 👀
Zap into the csUSDL pool to get SY-csUSDL and start earning up to 30x Shift points.
Pro tip: To avoid selling your YT during zap-in (and keep full exposure to yield + Shift points), enable “Keep YT Mode”.
A full breakdown of the SHIFT points program is coming soon.
Follow @0xCoinshift for more updates. 🔔
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