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.

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.

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.

Today we sent live the RiseX Market, and an user just executed the first purchase at $3.33 / point. Points earned via our RiseX USDC Vault can be traded on Shift's Points Marketplace without the need of locking 100% of your collateral or having your return capped at 2x. How does it work? Shift accumulates points via its strategies, including RiseXUSDC. These points are then distributed to our users in the form of "Shift Wrapped Points" with an added bonus, coming from us or our partners (or a mix). Via Shift's Points Marketplace you can trade the points (buy or sell them) on @arbitrum, directly receiving USDC for your sales. How is this different from a normal points OTC Marketplace? OTC Marketplaces have four issues that we try to solve: 1. Trust: many users would like to buy points or sell their points, but they do not trust the intermediary, which is generally a telegram group chat or an individual. Here, every trade is guaranteed and backstopped by Shift. 2. Capital Efficiency: another thing that users don't like is locking their capital for weeks or months, waiting for the points to become transferrable or to be converted in tokens. This doesn't happen with Shift. Since the points are wrapped by Shift, we immediately transfer them to the buyer once the trade is executed, and the seller immediately receives his USDC. 3. Wait time: OTC markets are generally dependent on their manager to be up and awake. If they're not (timezone, lack of time, lack of commitment) you may struggle to place an order or a trade. Shift's market is live 24/7 and completely independent from Shift's team availability. 4. Transparency: with OTC chats you generally are never sure of being properly matched with counterparties. Who is the counterparty? Is the middleman really acting in your best interest? This is not an issue with our Points Marketplace, since everything is handled like an orderbook. One last reminder: To earn points, you can deposit in each of the vaults. For RisexUSDC, there is also a Pendle Pool available. You can LP in the pool or buy/mint YTs (or buy PTs if you don't want points) to accelerate your point accrual even more!

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!

This means that now you can optimize your setup when farming in a Shift Vault: - do you want to maximize for points? you can buy them on the marketplace (no escrow required, immediate points delivery, no capped upside), and for some vaults you can also buy YTs - do you want to maximize for USDC yield? you can sell your points on the marketplace and immediately receive USDC, and for some vaults you can also buy PTs We will soon add RiseX and Arcus to the marketplace (Arcus once arcusUSD goes live, our new upcoming vault).

As soon as Extended will have completed its migration to Arc, we will complete the deployment of extUSD v2 on Arc. extUSD v2 will not just be a redeploy of extUSD, but it will come with more efficiency, higher yields, and more features, as it adopts the new Shift Vault model.

The fact that Lighter is built to always allow safe exists is one of the core reason we felt confident in building our Lighter vault (21.22% yield this week)

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.

And if you don't want to deal with getting the yield yourself, we have an automated vault for it!

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.