what's upshift?
Upshift is a DeFi platform that democratizes access to on-chain yields through transparent and secure mechanisms. It enables users to supply assets, stake, and earn cross-chain yields via native "Lend" options and Partner vaults called "VaaS." Powered by August Digital, the project focuses on institutional-grade products, including real-world assets (RWAs) and tokenized securities, with features like isolated lending markets and high-APY vaults. Collaborations with protocols like Euler, Morpho, and Injective highlight its emphasis on risk-controlled, performant DeFi infrastructure. Upshift simplifies yield farming for retail users while integrating advanced oracle solutions for complex financial instruments.
Upshift launched earnXRP vault for FXRP yield, plus K3 EUROP vault for EURC.
Links
x.com/upshift_fiLaunched earnXRP vault in partnership with Flare Networks and Clearstar Labs, allowing users to deposit FXRP and earn XRP-denominated yield through auto-compounding.
Offers a vault curated by K3 (the K3 EUROP vault) that targets EUR-denominated yields and accepts Circle's EURC on Ethereum as a deposit option.
Upshift manages HLPe Vault on HyENA (Hyperliquid), providing vault PnL exposure from funding, market making, and liquidations, along with 50x Ethena Points to depositors.
Upshift holds $93M in total TVL on Monad, the highest among all 73 apps deployed on the network.
earnAUSD vault TVL doubles to $50M+ on Monad mainnet, up from $25M two weeks after launch.
USDC vault on Ethereum offers 13.15% fixed APY with $15.17M TVL and rewards Upshift Points.
earnAUSD vault hits $25M TVL on Monad.
earnAUSD vault achieves 30% APR at $21M TVL in week 2 of Merkl incentives on Monad, utilizing partial exposure to savingsAUSD TBILL yield strategy.
An exchange feature for staked AUSD deposits comes next, with zero slippage swaps, stable pegs, near infinite liquidity, and $1M farming credit.
Vault leverage parameters increase: earnAUSD vault now at 10x leverage with $20M cap, sAUSD collateral at 20x leverage with $30M cap.
The earnAUSD vault ranks among the highest TVL protocols on Monad Mainnet Day 2, part of over 100M in total stablecoin TVL across the ecosystem.
Liquity Airdrop Farming Vault goes live, offering ~15% APY on USDC/BOLD while farming Liquity airdrops through automated liquidity provisioning across Liquity pools including USDaf.
The first yield rail launches on day 1 of Monad mainnet, powered by partnership with Agora.
Deposits now accept BOLD or USDC with 10%+ APR and introduce fork points as additional rewards alongside Upshift points.
coreUSDC goes live on Equilibria platform with 250% vePENDLE boost effect and 20x Upshift Points for deposits.
High Gain ETH vault confirmed as part of the $2B+ Kernel DAO ecosystem.
Core USDC now available on Pendle with highest 20x multiplier for Upshift points and 15% fixed APY through PT-coreUSDC.
High Gain ETH (hgETH) vault goes live with up to 20% reward rate, one-click deposits, zero lockups, and integration across Euler Finance, Balancer, and Pendle, powered by UltraYield partnership.
Core USDC vault launches as flagship stablecoin product offering 10% APY with 12x points multiplier. Partnership with Agora announced earnAUSD as the main liquid yield token on Monad, while TVL reaches $540M and Ember vaults on Sui hold $92M.
The NUSD pre-deposit campaign reached its $50M cap in less than 20 minutes, and a cap increase is expected in the near future.
Upshift serves as deployment infrastructure for Neutrl protocol's pre-deposit campaign on Plasma chain, launching October 15 with $50M cap and 450K XPL rewards from the Plasma campaign.
Binance Wallet integration goes live, making Upshift accessible as a dApp within Binance's wallet infrastructure.
Penpie integration goes live with new $upUSDC pool offering 32% APY and 10x point multiplier for Pendle LP token deposits.
Upshift is incubating a new project called EmberProtocol alongside bluewaterHQ, focused on vaults and liquidity solutions.
$80K in Bitcoin rewards will be distributed to vault depositors by the beginning of October.
Token Generation Event (TGE) announced for Q4 timeframe.
Raises $16M in funding round.
New RedStone Atom integration enables zero-latency liquidations with atomic execution capabilities.
Euler Finance integration adds 1.4M borrowing capacity to protocol.
New cUSDO vault launches with 12x point boost for OpenEden_X integration.
Portfolio allocation increases on Aave v3 with enhanced strategy mix delivering 15.7% total reward rate.
Vaults now feature tokenized, composable assets usable as collateral across DeFi protocols, enabling borrowing and additional yield opportunities.
New partnership with August Digital platform enables institutional-grade trading strategies for retail users through non-custodial, transparent vaults.
New upUSDC pool launches on Penple.xyz with 35% APY and doubled point multiplier (10x).
High Growth ETH vault pauses new withdrawals from 12PM UTC tomorrow until Monday to implement instant redemptions. Existing requests and deposits unaffected.
New HYPE vault enables simultaneous farming across 4 HyperEVM projects from a single vault.
New lending pool offers 28% APY on tBTC deposits until July 25, secured by overcollateralized PT-uptBTC through Gearbox and Pendle integration.
Shows 84.8% TVL growth over 30 days, ranking among top 10 projects on Hyperliquid by growth rate.
Total reward rate climbs to 9.5% following portfolio reallocation
Multiple institutional-managed vaults show $70M+ TVL with up to 30% non-incentivized APY, ranking consistently in DefiLlama's top stablecoin yields.
Vault rewards have increased to 15% APR for all vaults (not just BTC), and the total reward rate has risen to 8.3% driven by higher restaking rates.
Two active vaults offer 7.7-9.4% APY on rsETH deposits through airdrop farming, restaking yield, and liquidity provisioning.
BTC vault has garnered $11M+ in commitments and will offer 15% APR starting mid-May.
New BTC yield vaults launch accepting tBTC, cbBTC, and WBTC deposits.
New partnership enables one-click yield earning on Mezo platform; BTC vaults launching soon.
Institutional-grade yield strategy protocol led by August platform veterans, featuring built-in distribution channel through August's existing institutional client base.
Vault offers 7% real yield on T-Bill lending with 5x point multipliers for future rewards.
Vault offers 7% APY and 3x Bills (airdrop points) for cUSDO deposits through institutional yield farming.
Platform reaches $250M TVL and expands to HyperEVM and BNB Chain.
Multi-token rewards now available through vault: 7% lending APY, 9% rEUL rewards, plus BILLS and points multipliers.
New boosted pool launches with 2.5x boost and double-digit APY, backed by institutional OTC lending.
Strategy vault partnership with Ouroboros Capital launching soon, featuring points system integration.
Platform integrates with Pendle to provide fixed yield pool deployment capabilities.
New yield-generating USDC product launches on Pendle with incentives starting Thursday 00:00 UTC.
New DeFi yield platform launches with MEV Capital, Tulipa, and MNNC as strategy providers.
rsETH vault generates 25% reward rate, leading yield farming opportunities in the ETH ecosystem.