gShift community
Snapshot alert: Season 1 of Coinshift’s public airdrop ends on July 31.
As promised, 5% of the total SHIFT supply is allocated to Season 1 participants. We are honoring the earliest users and contributors who believed in csUSDL.
For Season 2, an additional 3% has been allocated. It begins on August 1 and is open to both new participants and existing users.
Before we dive into what’s ahead, let’s take a moment to reflect on how far we’ve come.
We started with a simple vision that every human and business in the world deserves access to low-risk yield.
Today, we’re proud to share:
Over $100M in csUSDL TVL
15+ DeFi integrations (including @pendle_fi , @MorphoLabs , @spectra_finance , @Contango_xyz , @GearboxProtocol and more)
20bps in protocol revenue earned on idle wUSD capital
4th largest Morpho Vault with A+ rated risk profile (via Credora, through Morpho)
What’s next for csUSDL?
It’s evolving into a low-risk, yield-bearing primitive - an onchain buffer layer that protocols can hold in reserve.
And this is just the beginning.
Over the past month, we’ve been building a regulated product designed to deliver performance across market cycles combining DeFi, CeFi, and TradFi yield strategies.
csUSDL will remain at the core of this architecture - powering minting buffers, earning on idle capital, and serving as the settlement layer that bridges onchain liquidity with real-world infrastructure.
Thank you to our early partners @Paxos , @MorphoLabs and @SteakhouseFi and to the ecosystem builders helping bring this vision to life.
To our users:
Season 1 ends July 31.
Season 2 begins August 1.
It’s time to SHIFT.
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