Coinshift Unveils csUSDL, a Liquid Lending Token (LLT) Designed to Enhance Reward Opportunities, Security, and Transparency

Coinshift, a key player in on-chain treasury management, has unveiled csUSDL, a liquid lending token (LLT) crafted to enhance reward opportunities

Coinshift, a leading provider of on-chain treasury management solutions, has announced the launch of csUSDL, a liquid lending token (LLT) designed to maximize reward opportunities, security, and transparency for individual and institutional investors. This launch follows closely on the heels of Coinshift Business, a platform that seamlessly integrates payment and accounting solutions for DAOs and on-chain enterprises, free of charge.

Coinshift treasury products are now supported by USDL, a cutting-edge stablecoin that is backed by real-world assets and issued by Paxos International. USDL is uniquely designed to deliver yield directly to its users. It is regulated by the FSRA in ADGM and is backed by monthly audited reports. The reserves are securely held in US Treasury Bills and cash equivalents.

Leveraging Paxos’ extensive experience in initiatives such as PayPal’s stablecoin PYUSD, csUSDL is engineered to enhance potential rewards for users by integrating with DeFi borrowing and lending protocols.

Coinshift has partnered with Morpho, a non-custodial protocol that plays a key role in the defi space, to launch its first LLT. This collaboration enables csUSDL to access lending yields and competitive borrowing rates without the need for intermediaries. Notably, Morpho's flagship offering has attracted over $2 billion in deposits in digital assets.

“No organization or individual should be forced to choose between stablecoin features like reward rates or regulatory compliance,” said Tarun Gupta, Founder and CEO of Coinshift. “With csUSDL, we've found a way to harness all the potential benefits of the blockchain ecosystem: interoperability, security, self-custody, and transparency. Users can now have both liquidity and yield, without having to make a tradeoff.”

Steakhouse Financial is building upon its ecosystem by curating csUSDL vaults. The stablecoin experts collaborate closely with top-tier on-chain entities and DAOs, including Lido, Arbitrum, and MakerDAO, providing strategic guidance to the token holders as they oversee the management of USDS's remarkable $2 billion treasury initiative.

csUSDL seamlessly connects users to the vast DeFi landscape. They can participate in exciting token incentive programs offered by Coinshift, Morpho, and other partners. The company plans to empower users to optimize their earning potential by guiding them towards curated DeFi platforms and strategies.

This latest LLT is available on the Coinshift platform, which is designed to deliver an exceptional user experience. “We are now entering a groundbreaking era of liquid and secure lending,” added Gupta.

According to Coinshift’s projections, holders of csUSDL could potentially enjoy an annual yield of up to 10%. When factoring in token rewards, DeFi initiatives, and strategic partnerships, the potential APY can substantially exceed this baseline, varying depending on each user's level of engagement and risk tolerance.