In 2025, stablecoins arenât just for parking cash anymore.
Tthey should be a part of every solid portfolio as they're safer, less volatile and in some cases: outperforming actual tokens on a YTD basis.
And now earning yield on stables is getting even better.
@0xCoinshift teamed up with Pendle to let you finally put those csUSDL stablecoins to serious work.
Think of csUSDL like USDC - but juiced up. Itâs fully backed by T-Bills (via Paxos) and Morpho lending. That means youâre actually earning real yield just by holding it.
But hereâs the kicker...
Pendle lets you decide exactly how you want your returns:
âą Want predictable yield? Lock in a fixed rate until July 31 by buying PT-csUSDL.
âą Bullish on variable yields and airdrops? YT-csUSDL gives you the full yield plus boosted Shift points.
âą Or do both by LP-ing the pool: youâll earn stable yield, Pendle incentives, swap fees AND Shift points (up to 30x until May 21).
The timing is pretty sweet too. Coinshiftâs USDL Vault just crossed $70M making it Morphoâs 6th largest vault.
Feels like the ultimate solution for anyone holding stablecoins - safe, simple and stacked with real yield opportunities.
Glad to highlight what @0xCoinshift and @pendle_fi just launched. This oneâs worth checking out.
đ„ THE WAIT IS OVER!
csUSDL is now live on @pendle_fi.
Trade, LP, or earn fixed yield on an institutional-grade, yield-bearing stablecoin â and stack up to 30x Shift points.
Hereâs everything you need to know đ
TL;DR
âą Pool Maturity: July 31, 2025 (97 days to go!)
âą Buy PT-csUSDL: Lock in fixed yield until maturity
âą Buy YT-csUSDL: Get leveraged exposure to base yield + Shift points
âą Hold LP-csUSDL: Earn base yield, Shift points, and $PENDLE incentives
1ïžâŁ What is csUSDL?
Coinshiftâs yield-bearing stablecoin backed by @Paxosâ USDL (T-bills) + @MorphoLabs lending.
Where does the base yield come from?
âą T-Bill yields
âą DeFi lending markets on Morpho
âą $MORPHO incentives
2ïžâŁ 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 csUSDLâs yield +
â 30x Shift points until May 21
â 20x thereafter, until maturity
(Just note: YT expires at maturity.)
iii. Want exposure to both sides?
Holding LP-csUSDL earns you:
âą Yield from SY + PT
âą $PENDLE incentives (already live)
âą Swap fees
â 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).
âčïž Whatâs SY-csUSDL?
âą SY is the wrapped version of csUSDL used on Pendle
âą It gets split into PT + YT
âą Makes up the majority of LP-csUSDL
âą You get SY automatically when you zap into the csUSDL pool
4ïžâŁ The SHIFT points program is already live!
Ready to get started? đ
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 âKeep YT Modeâ.
A full breakdown of the SHIFT points program is coming soon.
Follow @0xCoinshift for more updates. đ

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