shift price

LP-csUSDL on @pendle_fi is quietly (shh) one of the best R:R plays in DeFi right now not just “providing liquidity”...it’s: - stacking multiple sources of yield - locking in fixed income - farming boosted points - positioning for a solid airdrop here’s the breakdown: if you enter the csUSDL pool on Pendle via the “zap in without YT” option, your capital gets split into: - 75% SY (standardized yield token): which earns native USDL yield (~2.8%) - 25% PT (principal token): which matures back into 1 SY at expiry (~2.4% gain) - + Pendle incentives (~4.1%) - + swap fees (~0.65%) that alone gets you a (TASTY) ~10% base APY, completely passively BUT the kicker is in the SHIFT points: csUSDL is sponsored by @0xCoinshift which means the SY part of your LP position earns 20x points until maturity (july 31) conservative assumptions: $150M FDV at TGE, 5% allocated to points, nets you an extra ~$20.83 per $1k in under 3 months (...) add it all up: ~$75 from base yield +$20 from SHIFT points = ~$95 return on $1,000 in 66 days (52% annualized ROI) and that’s just the baseline (what?) if you want to push it further, you can stake your LP-csUSDL on platforms like Magpie to boost your Pendle rewards from 4% → 8% (which pushes your total APY from 10% → 14%) and your ROI from 52% → 75% annualized (EVEN tastier) still with the same underlying exposure, same maturity, same passive structure that's some very (nearly) sure thing yields, with clearly defined timelines, multiple incentives and compounding in your favor I don't know about you (hello nice to meet you), but to Linn that seems like a purdy damn good dealeroooni dc: Linn is an ambassador for Pendle, Linn will say good things about Pendle because they are amazing, this post is in collab with Coinshift, Linn has many stables in PTs

🏗️ Chainlink Build 🏗️ @shiftrwa is joining Chainlink Build to gain enhanced access to Chainlink's industry-leading oracle services and technical support, which helps support the security and use of its tokenized stock, bonds, and ETFs. In return, SHIFT will make a percentage of its total native token supply available to Chainlink service providers, including stakers. SHIFT is bridging traditional finance and DeFi liquidity by bringing Wall Street onchain through Asset-Referenced Tokens (ARTokens)—MiCAR-compliant digital assets backed by real-world stocks, bonds, and ETFs. ARTokens enable frictionless DeFi-native distribution, providing TradFi institutions secure, compliant access to DeFi liquidity while introducing users 24/7, transparent, and cost-efficient trading. SHIFT is integrating Chainlink Proof of Reserve to provide onchain verifications that its tokenized assets are fully backed, enhancing transparency and user confidence in its platform. Explore:

Doing > Talking While your favorite KOLs got you REKT while profiting off your naiveté and then disappeared in in Feb and March when the market was down bad, at WSH we: not only doubled down to line up the biggest guests in the history of crypto podcasts BUT ALSO Funded and built a small « crypto village »: homes for Cambodian families that used to live in the streets This was done with a mix of WSH funds, as well as the SHIFT private dinner community (made of a bunch of my podcast guests) together with @MMPowerFdn , a charity that I lead with my best friend Look at what they do, not what they say Crypto is a blessing and it should be used to do Good Not to buy watches and cars to show off on your instagram or on this forsaken X app Now back to work Job FAR from finished 🫡 Special thanks to @gametheorizing , @tn_pendle , @YeouJie , @SalsaTekila , @web3ddy from @CoinsiliumGroup and @joedoe_ for helping make a true difference to these people’s life ❤️

The csUSDL YT-Pendle stablecoin strategy csUSDL is a yield-bearing stablecoin that combines real-world yield (T-Bills) with onchain lending via Morpho Blue. Base APY is Tbill + lending yield, so currently 3.75%. However, it is when we combine it with Pendle’s YT and the upcoming airdrop that makes this strategy exciting. So, the tl;dr of Pendle is that they allow you to split a yield-bearing token into two tokens, YT and PT. YT --> Yield Token PT --> Principal Token When someone "buys" YT, they're essentially buying all of the underlying yield that is generated by the token, and more recently, in the case of the points meta, holders of YT accrue all the yield AND points. What is a YT? When a user looks at YT, there are two main concepts an investor has to have in mind: -The underlying APY: The Yield the holder is entitled to earn. -The Fixed APY (Or implied APY): The Yield the YT holder will have to pay. However, not all scenarios include the YT point multiplier in the underlying APY price. This means one buys the YT at an apparently non-attractive price since the main point boosting system is not considered. Imagine we have $1,000 available to invest in YT of csUSDL. The Fixed/Implied Yield of csUSDL is 11%, and the Underlying APY is 3,75%. Thus, if the prospective investor purchases PT, the APY will be 11%, and the APY for YT will be apparent at 3,75%. The current YT unit price is ~$0,024, and therefore, with $1,000, I can purchase 41,170 YT-csUSDL. But you might think, wouldn’t it be more capital efficient to lock the 11% in real yield?” This is where the point reward system comes into play. The 7% spread between both APYs is based on speculation about the potential SHIFT value (airdrop) that will be distributed based on the number of Shift points collected by YT holders. As announced by Coinshift, each YT gives the holder 23 points daily until maturity. If the holder holds YT until maturity, the user is expected to get 81,435,740 points. This seems like a lot, so what is the expected value of these points? We have to consider three major variables: the Total Amount of Points at Airdrop, TGE FDV, and Airdrop Percentage. Total Amount of Points at Airdrop: To calculate this variable, we know that there are currently 18,000,000,000 points in the Protocol, there is a daily points growth of 1,000,000,000, and the a irdrop should occur in approx. 86 days. As a result, the total amount of points is estimated to be 108B. TGE FDV: The expected FDV is $150,000,000. Airdrop Percentage: 5% It is essential to mention that all of these are merely expectations. Based on such variables, the price per point in $ should be (150,000,000*0,05) /108,000,000,000 = $0.0000694. Assuming the holder holds it until maturity, the expected return on the YT investment can be calculated based on the above. YT potential return value: Underlying APY: should be around 4%, around $382 (with compounding). Expected Point Airdrop: 81,435,740 * 0.0000694 = $5,655.26. Total Return: $6037.48 This is a 500% play in less than 3 months. The best part? Even if we assume that the variables are too “generous”, such as the TGE FDV, and cut it in half, to $75,000,000 FDV, it is still expecting a 220% play. Remember that $150,000,000 FDV is based on the latest Coinshift fundraising valuation, so it should be a firm price anchor. Why is YT the real underdog in the csUSDL case? Apart from the above reasoning (fair FDV, balanced airdrop reward per point, and a great point multiplier), most power users are mostly focused on “safe returns” and look for high-yield opportunities on stablecoins. As a consequence, there is a potential higher demand for PTs. Consequently, PT buy pressure pushes Implied APY down > making YTs cheaper > YT investors may invest in YT for the potential rewards at a lower price. Ultimately, the YTs can also be seen as a bet on Coinshift and the "market getting better", which means favourable conditions for @0xCoinshift to thrive. There is currently sufficient liquidity for YT at an Implied Yield near 10%, making the YT strategy seriously attractive. Been working with the Coinshift chads for a year now, and can definitely recommend you check out what they're doing and this stablecoin strategy.