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![0xCoinshift Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1381956271356604416.png) Coinshift [@0xCoinshift](/creator/twitter/0xCoinshift) on x 42.2K followers
Created: 2025-04-24 16:14:29 UTC

🥁 THE WAIT IS OVER!

csUSDL is now live on @pendle_fi.

Trade, LP, or earn fixed yield on an institutional-grade, yield-bearing stablecoin — and stack up to 30x Shift points.

Here’s everything you need to know 👇

TL;DR

• Pool Maturity: July 31, 2025 (97 days to go!)
• Buy PT-csUSDL: Lock in fixed yield until maturity
• Buy YT-csUSDL: Get leveraged exposure to base yield + Shift points
• Hold LP-csUSDL: Earn base yield, Shift points, and $PENDLE incentives

1️⃣ What is csUSDL?

Coinshift’s yield-bearing stablecoin backed by @Paxos’ USDL (T-bills) + @MorphoLabs lending.

Where does the base yield come from?

• T-Bill yields
• DeFi lending markets on Morpho
• $MORPHO incentives

2️⃣ 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 XXX% of csUSDL’s yield +

→ 30x Shift points until May XX
→ 20x thereafter, until maturity

(Just note: YT expires at maturity.)

iii. Want exposure to both sides?

Holding LP-csUSDL earns you:

• Yield from SY + PT
• $PENDLE incentives (already live)
• Swap fees
→ 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).

ℹ️ What’s SY-csUSDL?

• SY is the wrapped version of csUSDL used on Pendle
• It gets split into PT + YT
• Makes up the majority of LP-csUSDL
• You get SY automatically when you zap into the csUSDL pool

4️⃣ The SHIFT points program is already live!

Ready to get started? 👀

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 “Keep YT Mode”.

A full breakdown of the SHIFT points program is coming soon.

Follow @0xCoinshift for more updates. 🔔

![](https://pbs.twimg.com/media/GpUBrA3bYAAleVb.jpg)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1915439210863223160/c:line.svg)

**Related Topics**
[coins stablecoin](/topic/coins-stablecoin)
[pendlefi](/topic/pendlefi)
[csusdl](/topic/csusdl)

[Post Link](https://x.com/0xCoinshift/status/1915439210863223160)