SHIFT Protocol

Weekly Update on Shift Vaults Top 2 this week, weekly APY as of Oct 28: - hibaUSD: 21.42%, yet another week above 20% - risexUSDC: 13.04%, also above 13% for the second week in a row

It's Tuesday again = Points Day! We will distribute Hibachi and RiseX points today, with bonuses around 30% for both. Wondering how did our RiseX Vault perform this month so far? 👇

We’re releasing a new ltLLP ↔ hibaUSD liquidity pool, giving users a direct way to move between the two vaults. Instead of necessarily withdrawing from one vault, waiting for the withdrawal to complete, and depositing into the other, users can swap ltLLP and hibaUSD directly through the pool. Less waiting. More flexibility.

numbers check out

Another Weekly Update Our top 2 performing vaults for the week are: - @hibachi_xyz vault with 33.20% APY - @risextrade vault with 13.33% APY We also have important news concerning other Shift products. First of all, upon @extendedapp migration to Arc, we will perform extUSD migration to @arc, and users will start enjoying increased rewards and extra points. The migration is scheduled for Thursday, this week, and preparation is already ongoing, as announced earlier. Secondly, our @arcus_xyz vault entered the last stretch of internal testing. During the last month of testing, the strategy achieved an average APY of 16.15%, and generated volume of 3x its AUM. We will soon open deposits on @RobinhoodCrypto Chain.

Weekly Update on Shift Vaults It was overall a strong week, with our Lighter and @risextrade vaults reaching double digits APY, while the @hibachi_xyz vault marked a fresh ATH in Share Price. We will soon share an announcement concerning the improvement of two vaults and the release of the Arcus Vault!

New Feature: Shift External Points Marketplace Shift Vaults pass over to their users 100% of the platform points they earn. Usually with a bonus on top: - extUSD comes with a 10% Extended bonus - Hibachi comes with a 30% Hibachi bonus - risexUSDC comes with a 22.5% RiseX bonus These points come in the form of Shift Wrapped External Points: for example, 1 Extended Point that Shift earns through its vault, becomes 1 Shift Extended Point, distributed to our users. At TGE, these can be converted in the corresponding equivalent amount of tokens. People want to be able to speculate on the future value of these points in an easier and safer way. There is demand and there is offer, but often people are scared or don't know how to handle pre-TGE OTC trades. We heard your voice. From today, Shift Wrapped Points can be traded directly for USDC on an orderbook-style marketplace. No escrow required, no waiting required. Upon settlement of an order, you pay/receive USDC and the Shift Wrapped Points change owner immediately. Come try it out: Extended and Hibachi points are already available, and soon we will add RiseX and Arcus points.

Inside Shift's most popular vault: ltLLP Lighter's LLP market-making vault is one of the most popular yield products. However, accessing it and optimizing the returns are not always trivial. To access LLP, users need also to buy and stake LIT, adding token exposure and another position to manage. Shift's vault, ltLLP, brings those steps into a single product, expanding LLP's yield and granting its depositors optimized LLP access. Lighter's returns, made better, and automated management. ltLLP is designed for users who want LLP exposure with the staking and hedging work handled inside the product. Shift's Track Record Shift's ltLLP vault accrued over the course of its 224 days of existence an average lifetime APY of 9.57%, delivering a 5.76% ROI since inception to its day 1 depositors, with a minimal maximum drawdown. How does ltLLP work? ltLLP automatically manages the stake of LIT needed to access LLP, buying it, staking it and hedging it in order to achieve two results: unlock the maximally optimal LLP allocation, given LLP target allocation and LIT basis returns; manage the risk around LIT hedging in face of market volatility. Returns come from LLP performance, LIT staking rewards, and funding on the LIT short. Funding can be received or paid, so it can add to returns or reduce them. Fees and execution costs also affect the result. Any points should the vault accrue, would be passed through in full to the depositors. ltLLP depositors are also eligible for Shift Points.

Weekly Update: Super week for hibaUSD as a large price discrepancy allowed for a very profitable arbitrage.

hibaUSD: another power-up In these months we carefully observed @KappaLab_io Hibachi Vault performance and management and after a very solid summer track record, we're ready to integrate it in hibaUSD. From now on, hibaUSD will allocate a dynamic portion of its NAV (5-10%) to KappaLab's MM Vault on Hibachi. This will result in more diversified revenue engines for the vault, which will become less dependent on funding rates volatility.