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Project Overview
Upshift is a digital platform for on-chain yield, powered by August Digital. It offers retail users simplified access to native (“Lend”) and Partner vaults (“VaaS”).
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Up to 12% yield: Ethena Pay launches Earn+
Odaily reports: Ethena Pay has announced the launch of its Earn+ feature, allowing users to deposit USD with one click and earn up to 12% yield. The feature is now available to Pro and VIP users and will roll out to all Ethena Pay users over the coming days. User deposits will flow into an Upshift vault curated by SteakhouseFi, which runs its strategy through Aave V4 on Avalanche.
Kraken Institutional Partners with Upshift to Launch Customized Crypto Vaults
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing eligible institutional clients to earn yields on idle Bitcoin, Ethereum, stablecoins, and other crypto assets directly within Kraken's compliant custody framework. Upshift will build dedicated customized vaults for each client, designed according to their investment strategies, risk parameters, liquidity requirements, and asset portfolios. Assets will be allocated to these non-custodial vaults and subsequently deployed to selected on-chain contracts, with clients' segregated Kraken custody accounts receiving receipt tokens.