Lenders earn yield from interest paid by borrowers. Borrowers deposit collateral assets into Euler's credit markets and borrow loans against their collateral. For detail on this vault’s curator and risk parameters, see link.

Description from vault manager:
Coinshift's USDL provides users with exposure to the yield-bearing stablecoin Paxos USDL, while offering an higher yield on the borrowed part. Using a yield-bearing stablecoin as base asset enhances efficiency (“optimal dual engine”). The vault is curated by Steakhouse on behalf of Coinshift.

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