Here's a simple strategy more ought to know about, especially if you've got size to earn with stables onchain. Even if you have $100M or more, it can easily be put to work with Coinshift csUSDL thanks to CoWSwap's integration with csUSDL. Here's how:

1⃣ Borrow wUSDL on Morpho for under 1.6%

2⃣ Swap wUSDL for csUSDL on @CoWSwap

3⃣ Sit back and earn 11.77% APY (includes SHIFT rewards) or loop it up to 6.3x on @GearboxProtocol

This is strategy is ideal for anyone holding on Eth L1:

+ cbBTC

+ WBTC

+ wstETH

+ PAXG

+ csUSDC

Or if you just hold stables and want to put them to work!

First, you can borrow wUSDL against these collaterals on @MorphoLabs on Ethereum L1. wUSDL is a yield-bearing stablecoin backed by t-bill yield (3.7% APY).

So you're borrowing wUSDL for under 1.6% and earning 3.7% APY for just holding wUSDL, but wait, there's more!

🦋 Borrow wUSDL on @MorphoLabs: https://t.co/P1oDUIsGHj

Step 2 is deposit the wUSDL into @0xCoinshift's csUSDL earning 11.7% APY, including bonus SHIFT points towards a future SHIFT token airdrop, estimated currently at 7.5% based on a $150M FDV for SHIFT.

🐮 Swap wUSDL or any stable for csUSDL: