Coinshift, a well-known name in onchain treasury management, has recently launched csUSDL, a liquid lending token (LLT) that aims to provide optimized reward opportunities, security, and transparency for both individual and institutional investors. This new offering comes after the release of Coinshift Business, an integrated payments and accounting service that is available free of charge for DAOs and onchain businesses.
The csUSDL token is supported by USDL, a next-generation stablecoin backed by real-world assets (RWA) issued by Paxos International. USDL stands out for passing yield directly to users, FSRA regulation in ADGM, and transparency through monthly audited reports and reserves held in US Treasury Bills and cash equivalents. csUSDL leverages Paxos’ expertise developed through projects such as PayPal’s stablecoin PYUSD to offer users additional reward opportunities by connecting to DeFi borrowing and lending protocols.
The LLT is built on Morpho, a leading non-custodial protocol, allowing csUSDL to benefit from lending yields and competitive borrowing rates without intermediaries. Morpho’s core product has already attracted deposits exceeding $2 billion in crypto assets. Furthermore, csUSDL vaults are managed by Steakhouse Financial, a stablecoin specialist, advising leading on-chain companies and DAOs like Lido, Arbitrum, and MakerDAO on treasury management.
According to Coinshift’s CEO, Tarun Gupta, csUSDL eliminates the need for users to choose between liquidity and yield, as it combines the potential of blockchain security, transparency, self-custody, and interoperability. The LLT is seamlessly integrated into the broader DeFi ecosystem, offering users access to token incentives from Coinshift, Morpho, and other partners, with plans to enable users to enhance potential earnings through strategies on select DeFi platforms.
The platform’s design reflects Coinshift’s dedication to providing an excellent user experience, offering a new era of secure, liquid lending. Projections indicate that csUSDL holders could see an annual yield of up to 10%, with the potential to surpass this through token rewards, DeFi programs, and partner initiatives, based on user engagement and risk profiles. Coinshift’s ultimate goal is to bring the value of RWAs into DeFi to drive sustainable long-term growth for users, envisioning csUSDL as an essential component of treasury strategies for businesses and DAOs.
Coinshift, a leader in onchain treasury management since 2021, manages $1B in Safe accounts and has facilitated $1B in payments for various organizations. Their business platform is utilized by over 300 organizations including Aave, Starknet, Gitcoin, UMA, and Zapper. With csUSDL, Coinshift extends its DeFi and RWA vision to individuals and institutions, empowering users to maximize their potential earnings. The company is backed by investments from Tiger Global, Sequoia, ConsenSys, and Polygon. Users can explore csUSDL at coinshift.global for more information.
