csUSDL: A Next-Gen Yield-Bearing Stablecoin Built for Onchain Treasuries

Tarun Gupta is the Founder at Coinshift. In this episode, we review a new yield-bearing stablecoin called csUSDL, designed to be the ultimate treasury reserve asset. With hundreds of billions sitting idle in stablecoins, Coinshift hopes to provide DAOs, onchain liquid funds, and even retail DeFi users with permissionless access to a more scalable yield-bearing stablecoin backed by RWAs. This is a great episode to also understand why builders work with Morpho, and why they see such a huge opportunity to meet the demand for yield-bearing stablecoins onchain. ------ 🔗 Essential Show Links 🔗 ► Edge Newsletter: https://the-edge.xyz ► Youtube: https://youtube.com/@defidad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://x.com/DeFi_Dad ► Follow Nomatic: https://x.com/Nomaticcap ► Learn DeFi: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🔮 PYTH NETWORK | SMARTER DATA FOR SMARTER CONTRACTS ⏳ HOURGLASS | LEVERAGED AIRDROP FARMING AND BOOSTED POINTS 🪄 TANSSI | LAUNCH YOUR SYMBIOTIC RESTAKED NETWORK IN MINUTES 📈 iYIELD | YOUR FINANCIAL PICTURE, SIMPLIFIED 🧪 MANTLE | START YOUR RESTAKING JOURNEY TODAY WITH CMETH 🐡 PUFFER UNIFI | A BASED ROLLUP TO ETHEREUM WITH NATIVE YIELDS 🌔 MOONWELL | THE LEADING LENDING AND BORROWING APP ON BASE ⚙️ GEARBOX PROTOCOL | ONCHAIN LENDING REIMAGINED 🐐 GOAT NETWORK | A BITCOIN L2 TO EARN WITH BTC & DOGE ------ Timestamps 0:00 - Intro 4:31 - Coinshift Accounting & Payments 7:47 - The state of how DAOs operate 9:59 - What is csUSDL? 13:04 - What’s unique about csUSDL? 15:58 - Who should use csUSDL? 17:08 - Mantle mid-roll 17:46 - Partnering with Paxos, Morpho, Steakhouse Financial 23:13 - How Coinshift maps to TradFi banking roles 26:48 - Challenges to building csUSDL 31:17 - Moonwell & GOAT Network mid-roll 32:24 - Coinshift incentive alignment with Morpho curators 34:02 - Use cases for csUSDL 36:14 - Possible future for csUSDL collateral 38:09 - Plans for SHIFT utility 40:35 - Partnering with large players to build csUSDL liquidity 43:26 - Closing ------ 🔗 Guest Links 🔗 ► Coinshift website: https://www.coinshift.xyz/ ► Coinshift on X/Twitter: https://x.com/0xcoinshift ► Tarun on X/Twitter: https://x.com/tarungupta1475 ------ If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic are advisors to Coinshift. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.