SHIFT Protocol

Our @ethos_network integration is live. Ethos Score >1400 → +20% Shift Points boost on deposits (all vaults). No X link needed, just deposit with a wallet tied to your Ethos profile. Score >1400 also automatically unlocks referrals: 5% bonus on all Shift + External Points your invitees earn, lifetime.

2/ A while ago, at @ShiftProtocol_ we encountered an obstacle: we wanted Yield Trading for our Vaults but we were just started. Sometimes, yield trading can be a great growth vehicle, but Pendle's official listing requires to clear certain milestones (rightfully so) and all competitors offer inferior solutions. However, Pendle markets are permissionless at the protocol level. Any user or protocol can create a market on-chain. x.com/ShiftProtocol_…

Voting period **Opens:** July 10, 2026 at 06:00 UTC **Closes:** July 16, 2026 at 00:00 UTC Cast your vote and help decide how Shift’s $GRVT allocation will be received.

What happens after the vote? Shift will select the GRVT distribution option that receives the highest amount of voting power. Should **Option A — 100% at TGE** win, Shift GRVT Points holders will be able to redeem their points for $GRVT directly on Ethereum after the TGE. Should Option B or Option C win, Shift’s allocation will follow the corresponding cliff and multiplier selected through the vote. Additional redemption details will be shared before the allocation becomes claimable.

Incoming: $GRVT Airdrop The GRVT team has announced how its upcoming airdrop will be distributed. Eligible recipients will be able to choose between: A. 100% of their $GRVT allocation at TGE B. A larger allocation with a 4-month cliff (2x) C. A larger allocation with an 8-month cliff (4x) How will this work for vGRVT depositors?

Shift's Weekly Points Report Looking for some @extendedapp Points boost after their eToro investment announcement? Our extUSD vault has currently 0 fee, so you can save up to stay hydrated 🌊

This makes sense, however there are a few cases where capital allocators are more flexible: when the assets are native on the other chain, or where the bridging infrastructure is such that there is not really an "original chain" anymore potentially. We have many examples with stablecoins, but probably RWA issuers are going to do the same.

"All of the serious capital allocators that we talk to on a daily basis, they wanna stay on Ethereum. They don't wanna go and bridge their funds elsewhere and change the whole security profile of their assets. And similar, the RWAs, well, the RWAs are just gonna follow where the people's assets are... and the people's assets they want to stay on Ethereum." 🗣️ @jaibhavnani, Founder of @roycoprotocol 🎧 Link to full @Edge_Pod: open.spotify.com/episode/24tFMO…

@DidiTrading @extendedapp Interested in getting yield and 10% bonus Extended points? How about trying out Shift's extUSD vault with 0 fee? 🙌

Day 541: Will be heavily pushing spot volume this week on @extendedapp . Extended quietly introduced spot trading today. They've already confirmed that all activity on Extended earns points, so I expect spot trading to receive boosted rewards during the first few weeks. (Just like Variational boosted points for RWA pairs.) The best part is that spot trading has 0% fees on limit orders, making it a great opportunity to generate volume at virtually no cost. Extended will very likely TGE within the next 2 months. 👉app.extended.exchange/join/DIDI

@CallumOnCrypto Did you know that Shift's extUSD vault gives you yield and 10% extra bonus points? Plus the vault currently doesn't have fees! 🔥

@BlurCrypto What about getting more Extended exposure with our extUSD vault for passive yield + 10% extra bonus points? And the vault currently has NO fee! 🫣

- 30% committed to point holders - 70m max points supply (current =~68m) - up to 600k points a week until then - eToro related product features releasing soon Math says TGE likely August/September

@0xpostrich Did you know that Shift's extUSD vault gives you passive yield + 10% Extended bonus points? If you're looking to get more Extended exposure by TGE, how about trying it out as the vault has 0 fee! 🔥

Extended Moon Math Founder confirms maximum point ceiling will be 70M and slashing of sybils is starting, so I expect slightly less. - 30% TGE - 70M points - $350M FDV = $1.50 per point Expecting airdrop late August. Still think we get well over $300M FDV, considering $33M in annualized fees. gExtended

@givenoxbt It's still time to get more exposure to Extended! How about trying out our extUSD vault for passive yield + 10% bonus points for NO fees? 😁

this update has real numbers in it, so let's value it properly. what's confirmed: - 30% of supply to early community (points holders) - capped at 70m points after slashing, sybils cut in coming weeks - 600k points weekly until program end add their recent announcement: $12.5m strategic round led by etoro, jump crypto participating, zengo partnership for self-custody rails. value per point at different FDVs: $150m → $0.64 $200m → $0.86 $280m → $1.20 $400m → $1.71 $500m → $2.14 why the upper rows aren't fantasy: etoro @eToro brings 30m+ registered users of tradfi distribution. perp dexs with far less behind them have cleared these FDVs at TGE. and 70m is the ceiling, not the final count. slashing shrinks the denominator - organic farmers' per-point value only moves up from here. honest caveats: decentralisation milestone slipped, TGE is later than hoped, and the eligibility language is careful - nothing is real until it's in your wallet. but 30% to community + known supply + etoro on the cap table is as clean as it gets. 34k points looks good here ngl and this is why i will continue to farm perps dexes respect to extended @extendedapp team for always being transparent and keeping it real

@trippan0 That’s a great amount 👀 How about getting even more Extended exposure before TGE? Shift’s extUSD vault gives you passive yield + 10% extra points, for 0 fee 🔥

“….working to decentralise the sequencing layer…” Sounds bullish for my 20k Xpoints. Great product and hoping for tge soon.

@Tanaka_L2 If your budget is $1k-$10k, it’s also perfect for farming yield with Shift’s vaults! Our automated vaults give you passive yield and extra points. This week’s APR is up to 18% 🔥

Fast “yield” from chasing memes, perp candles, or AI tickers is always more attractive to degens than single-digit APY from DeFi today. But that boring yield is way more comfy for me since I don't have time to flip profits every few min. Sure, I have my own mental model that filters out 80% of fake yield instantly. Crypto yield is basically 4 things wearing different clothes: real cash flow, balance sheet transformation, risk warehousing, or subsidy. The good stuff is fees from traders, interest from borrowers, funding from crowded leverage, T-bill yield, staking yield from chain security, and repo/private credit from real borrowers. Then there's the inconsistent stuff like emissions, points, referrals, retro rewards, and airdrop hopes. Both can be profitable, but they're not the same species. DeFi is sitting at $74.5B TVL now, while tokenized US Treasuries alone are already $14.8B with roughly 3.16% 7d APY. So bigger money is moving into clean external cash flow, transparent collateral, scalable rate markets, and wrappers that look more like onchain fixed income than old farm rotations. My framework to dd any farm is always: – where does yield come from? – does it compress when TVL grows? – is there real revenue backing it? – what risk am I actually underwriting? – are points/airdrops the dessert or the whole meal? Some yield scales. Some yield dies the moment everyone finds it. – Lending APY compresses when deposits grow faster than borrowers. – LP fees dilute when liquidity comes in faster than volume. – Pendle mispricings disappear when everyone starts pricing the same points trade. – Funding yield can flip when the market stops being one-way long. – T-bill / repo yield scales much better because the underlying market is massive. That's why I split yield into 3 capacity buckets. → Low capacity: narrow arbs, tight CL ranges, boutique options vaults, points mismatches, small venue basis trades. → Medium capacity: major Pendle markets, perp LPs, large lending vaults, established basis strategies. → Institution scale: RWA, liquid staking, Aave/Spark/Morpho-level money markets, serious private credit. Now the category map: Lending: @aave, @Morpho, @eulerfinance, @sparkdotfi, @0xfluid. Lend assets to borrowers and earn interest from real credit demand. Too much supply compresses APY. Stablecoin lending: @SkyEcosystem, Spark, Morpho Vaults, Aave. Mostly stable carry from borrow demand, savings rates, or curated vault strategies. LP: @Uniswap, @AerodromeFi, @MeteoraAG. Earn swap fees because traders use your liquidity, but warehousing inventory risk and hoping volume pays more than IL. Delta neutral: @ethena, @solsticefi, basis vaults, neutral trade-style products. Yield comes from funding, basis, staking rewards, and stable collateral income. Strong when leverage demand is hot. @pendle_fi PT/YT: Fixed yield via discount-to-par trades, or long future yield, points, and narrative. Can be giga profitable when the market underprices future incentives. RWA yield: @OndoFinance, @Theo_Network, @OpenEden_X, Superstate, BUIDL. Yield comes from T-bills, repo, money markets, or private credit, making it one of the cleanest buckets. Private credit: @maplefinance and RWA credit vaults. Real borrower yield, but underwriting balance sheet risk, collateral quality, liquidation process, and manager discipline. Liquid staking: @LidoFinance, @Rocket_Pool, @jito_sol. Base-layer yield from validator rewards and MEV, but with validator concentration, depeg, and wrapper risk. Restaking: @eigencloud, @ether_fi, @RenzoAI. Base staking yield plus extra security marketplace exposure, but a lot of the return still comes from incentives and future AVS economics. Perp LP / dealer vaults: @HyperliquidX HLP, @GMX_IO. You're becoming the house, earning fees, liquidation flow, and sometimes trader PnL transfer, but the house can bleed when traders win big. Incentive farming: points, liquidity mining, testnets, referral seasons, token airdrops. Can be worth doing, profitable when sized right, dangerous when the only payer is future bagholders. I think if your budget is $1K–10K, you're better off farming points, PT, stables, LSTs, and small LPs. But once you're managing 6 figs, you need actual diversification. The framework for farming is a must if you don't want to become the yield.

@AlexShiza Or you can also try out Shift’s automated vaults to receive passive yield and extra points. This week’s APR is between 7 and 18%! 🎉

Did a quick review of stablecoin yield opportunities 👇 Some interesting picks: • Curve RLUSD/USDC — ~7% APY Low-risk setup. RLUSD is fiat-backed, with reserves in cash, U.S. Treasuries and equivalents. • Kamino USDS/USDC — ~7% Sky/Maker ecosystem. More DeFi-native risk, but backed by a long-running system. • Kamino syrupUSDC/PYUSD — ~8% Yield comes from institutional lending via Maple. Higher credit + strategy risk. • Pendle PT USDat — ~9% Exposure to tokenized U.S. Treasuries through M0 infrastructure. • GMTrade — 11%+ (higher risk) More aggressive strategy with trader PnL, liquidity and smart contract risks. Not financial advice — just mapping where stable yields are coming from and what risks sit behind the APY.

@TheDeFinvestor Have you already tried Shift’s vaults? 👀 Our APR this week is up to 18%

My strategy to farm perps airdrops Here's my most comprehensive guide for farming perps DEXs, including the tools I use to do it more efficiently. I also cover the airdrops I'm farming. Check it out: thedefinvestor.com/p/my-perps-far…

@Kaffchad If you’re looking for the balance between real yield and points, how about trying Shift’s vaults? Our automated vaults give you passive yield + extra points. This week’s APR is between 7%~18% 🔥

► Stablecoin Airdrop Farming Tier List Last cycle I could spray capital into every pre-TGE yield dollar and pretend points were free money. Now most of the obvious farms have already paid. So I think the game is finding where real yield is high enough to cover the farming cost, and the airdrop is still optional upside instead of the whole reason you're there. The best assets are reusable across lending, LP, PT/YT, leverage, ecosystem multipliers, and still clean enough to park size. So this is my current ranking for stablecoin farming opportunities. Tier S > @arc: stablecoin-native L1 with $ARC confirmed. Early testnet farm through swaps, lending, NFTs, contract deployments and Arc House points. > @Loopscale: core of the Solana farming meta. Earn Vaults stack multiple point systems into one position, while active looping ramps points much faster at higher risk. Tier A > @Theo_Network: $96M TVL with Season 2 live. Farm thUSD/thBILL for 5–11% yield while stacking weekly points. Vaults offer up to 4x multipliers, and the new Buidlpad vaults have been filling fast. > @onrefinance: $216M TVL, reinsurance-backed yield with OnRe Points. Loopscale, Exponent and Kamino routes let you farm 4x–12x OnRe points while still earning roughly 8–31% yield. > @felixprotocol: CDP stablecoin farm on HyperEVM. Mint feUSD against HYPE, then loop into the Stability Pool and LPs to stack yield, liquidation rewards and Felix points. Tier B > @hylo_so: $34M TVL. Farm XP through hyUSD LPs, 8x XP via Loopscale vaults, and xAssets are still the main farming routes, all while earning real yield on top. > @StandX_Official: DUSD works as productive margin while farming. Hold it in your Perps Wallet for daily yield + points, then provide tight maker liquidity under SIP-5A to stack protocol rewards. > @Neutrl: $71M AUM with Season 2 live. Founders Locks earn points, while Pendle, lending and loyal Season 1 wallets stack even more rewards. > @apyx_fi: commit apxUSD into Pips for up to 196x points. Pendle YT is the preferred farming route ahead of the October snapshot. Main risk is STRC-backed depeg volatility. > @saturn_credit: USDat → sUSDat earns ~11–12% dividend yield + Gravity Points. Pendle PT/YT, Morpho and Strata let degens stack fixed yield, leverage and up to 5–30x+ point multipliers. I want to farm protocols with real yield first, farm points second. Let the airdrop be upside, not the entire reason the position exists.

@0xrahulweb3 You can pick Extended with Shift’s extUSD vault to receive yield + points for no fees 🙂

These are the projects I'm watching for potential 5 to 6 figure airdrops: • Phantom • Ostium • Base • Nansen • Abstract • Doma Protocol • Extended • Polymarket • Bulktrade • Tempo • Cascade • OpenSea • Pacifica • Inkonchain • Kalshi • Variational • Nado • Tread_Fi If you could only farm 3, which ones would you choose? Drop your picks below.