Task Description

Coinshift Airdrop has entered its second season, giving users another opportunity to earn $SHIFT tokens through point-farming activities. The project, which aims to become the treasury layer of Web3, combines real-world yield with DeFi lending through its main product, csUSDL. This stablecoin generates daily yield from U.S. Treasury Bills and on-chain lending without requiring staking, lockups, or KYC verification.

Coinshift Airdrop Campaign and Tokenomics

Season 2 of the Coinshift airdrop builds on the first campaign’s success, with 5% of the total $SHIFT supply reserved for participants. Users earn points, known as XP, by holding csUSDL or csUSDC, providing liquidity in partner protocols, completing social tasks, and inviting friends. Multipliers vary depending on activity: holding csUSDL earns 5x points, while participating in Pendle markets can reach 30x.

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The $SHIFT token serves as more than a reward. It will govern vault settings, control fee structures, and allocate protocol revenue for buybacks, burns, or incentives. The token also includes vesting schedules and conditional unlocks to promote long-term stability. Coinshift currently has over $130 million in csUSDL total value locked, with integrations across Morpho, Pendle, and Fluid, positioning it as a growing player in the DeFi infrastructure space.

Point Farming Steps

Season 2 of the Coinshift Airdrop offers several clear ways to collect points:

1. Connect your wallet

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First, visit the official points page and link your wallet to see the available options.

2. Swap USDC for csUSDL (5x points)

The easiest entry point. By holding csUSDL, you immediately begin earning points.

3. Deposit into pools (up to 12x points)

Next, you can deposit csUSDL or csUSDC into Morpho or Fluid pools for higher multipliers.

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4. Join Pendle markets (30x points)

For the highest rewards, provide liquidity in csUSDL markets or hold YT-csUSDL tokens.

5.Use referrals for a 10% boost

Finally, you can share your referral link and gain a 10% bonus on your total points.

Tips for Maximizing Coinshift Airdrop Points

  • Diversify your strategy: Mix swaps, pools, and tasks to balance risk and maximize rewards.

  • Track your progress: Regularly check dashboards and leaderboards to stay updated.

  • Consider gas fees: Larger deposits usually make more sense on Ethereum because of high costs.

  • Match risk to reward: Pendle’s 30x multiplier looks attractive, but it involves more exposure.

FAQs About Coinshift Airdrop

How much of the $SHIFT supply goes to the airdrop?
Coinshift has allocated 5% of the total supply to participants based on XP points.

What is $SHIFT?
$SHIFT is the governance token of the Shift Protocol. It helps coordinate stakeholders and supports csUSDL, Coinshift’s yield-bearing stablecoin.

Can I withdraw anytime?
Most positions allow withdrawals, although Pendle YT tokens stay locked until maturity.

What makes csUSDL different?
Unlike other stablecoins, csUSDL earns passive yield from U.S. Treasury Bills and DeFi lending without staking or lockups.

What is the role of the $SHIFT token?
$SHIFT governs vaults and fees, while protocol revenue may fund buybacks, burns, or incentives.