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.

Shift World Cup PROMO To celebrate the incredible start of the 2026 World Cup, we’re launching a new campaign for the whole Shift community. Starting today and running throughout the tournament, every user who has an active deposit on Shift since at least 24 hours will be able to claim extra daily rewards. If you don't have one already, you can deposit now and claim from tomorrow! No quests. No extra steps. No questions asked. Just log in, claim your daily reward, and enjoy the World Cup with Shift. (頑張れ ニッポン!)

Most audit relationships end when the report ships. Ours don't. 1 year. 3 audits. Dozens of consultations later. Here's @ShiftProtocol_'s CTO on what actually made the difference:

gm everyone

Shift’s Weekly Vault Summary It’s time for this week’s vault health report! Shift has been on fire lately with its vaults 🔥 : - GRVT with 11.23% total APR (130% GRVT points) - hibaUSD with 7.57% total APR (300% Hibachi Points) - extUSD with 8.73% total APR (110% Extended Points) and NO Fees?! Also, not so many users are using our Lighter vault but its APR is at 12.77%, while Lighter Season 3 is allegedly ongoing! Maybe it's a good time to try it out? 🤔 All our vaults also receive Shift Points!

vGRVT Upgrade vGRVT is getting a Summer Makeover. Until now, the vault was allocating 40% to its GRVT Balance to the GLP, while keeping the other 60% in the Trading Account as collateral and benefitting from GRVT's Boosted Earn Program. Given the cap to 100k of TVL for the Boosted Earn Program, we are now integrating @grvt_io and @plumenetwork new vaults in vGRVT composition. Going forward, vGRVT will: - max allocate to GLP (40%) - allocate to the Trading Balance up to 100K and further if needed to maintain a healthy level of leverage (vGRVT targets a leverage of 1x and accepts a leverage level lower than 2x) - allocate to the Balanced Bundle (BlackRock's AAA CLO ETF) the remaining part of the balance These changes will allow vGRVT depositors to earn more yield on their deposits. x.com/grvt_io/status/2059275…

Shift x Hibachi: hibaUSD now integrates Forex pairs!New additions: EURUSD, GBPUSD & AUDUSD Same proven delta-neutral mechanism:Cross-platform arbitrage Funding arbitrage Now combining crypto traditional FX markets .Plus Hibachi bonus points sponsored by Shift 30–200% depending on performance: → 200% bonus when we’re behind → 30% bonus when we’re leading in $ terms More Forex pairs coming soon — Hibachi is preparing for the Arc (Circle L2) launch.If you’re already in hibaUSD, you know what’s up @hibachi_xyz @ShiftProtocol_

Shift’s weekly points summary Another week another points report! How has the vault been doing this week? All hibaUSD, ltLLP and vGRVT are above 10% APR! Even the more conservative extUSD came up with 7.29% APR. Come try them out and accumulate your favorite Perp DEX Points, with a Bonus!

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.

Shift x Hibachi hibaUSD now integrates Hibachi’s new forex perps: EURUSD, GBPUSD, AUDUSD. Same delta-neutral engine: cross-venue arbitrage funding arbitrage, just now crypto and FX, not crypto only. a reminder that hibaUSD also earns 30-200% bonus Hibachi points depending on performance (200% bonus when underperforming, 30% when overperforming in USD terms). Bonus points are sponsored by Shift. More forex pairs ahead as Hibachi prepares its Arc (Circle L2) rollout.

February to April was the hardest period of the last 2 years in terms of funding rates. Fast forward two months, how did our yields change? Last week we got: - hibaUSD overperformed the 10% benchmark with 15.04% APY - extUSD maintained a steady approx. 4.8% APY over the last month (with an acceleration in the last 3 weeks), and 7.29% when accounting for points at current OTC prices - vGRVT maintained an APY 6.73% and an outstanding 13.35% APY when factoring points at the valuation of the most recent GRVT fundraise - ltLLP had a great week at 12.58% APY As always a reminder that hibaUSD and ltLLP also receive Lighter S3 points which are allegedly being accounted for but not distributed yet.

The curation and yield space is currently stuck between two extremes. On one side, you have teams focusing white-label infrastructure solutions. To these, I just want to say that you have my highest esteem, we went with our own in-house solution and there are several obstacles to clear, I can imagine this is even more true when you try to design a one-fit-all solution. On the other, you have curation teams, mostly chasing short-term outcomes driven by incentives, subsidies, and whatever campaign is paying the most this month at size. None, to my knowledge, is actually trying to leverage AI to make potentially-profitable-but-hard-to-execute-on-scale-and-over-time, or to optimize yields and allocations or to timely react to the market. This is despite the largest lending protocol in DeFi having done this for two years, in production with tens of billions of TVL and a single (small) incident recorded (a human-led one). Everybody is worried about how many hacks Mythos release will lead to, but nobody: - focuses on the fact that 90% of the hacks of this year were private key leaks or ops compromises; - think about the opportunities it will unlock instead. I can only credit @Marczeller on being on spot about both points. The unlock is using AI to upgrade the way strategies are monitored and operated, and how risk is managed (potentially discovery too, but we are still far from it and I don't think Mythos will change anything). Why nobody is doing this? There are so many reasons... - some people prefer to work on other crypto x ai usecases - some people think you need to burn $50k a month in tokens to build something valuable - some people (mostly overlapping with group two) never did DeFi in their life, so they have no idea where to start when they curate, aside from fintech incentives. However, this is not "curation" this is being a middleman curating money distribution for some stablecoin provider. I am a DeFi user before being a founder and as AI progresses, I can see that many of the pain points in traditional yield farming can be solved or at least mitigated now already. A few more months and this will be obvious to a lot more people that will try to catch up.

Weekly Shift Vaults Summary A lot of things has been happening lately! Here is a quick summary of how the vaults have been doing. - GRVT looks good with 12.44% total APY - you can currently earn 30% bonus points 🥂 - extUSD is at 7.14% total APY - did you know that the vault has currently 0% fees? 👀 - we just raised our cap for hibaUSD with 7.68% total APY - the vault is on fire with its 300% Hibachi bonus points and you also get Lighter points as well 🔥 If you haven't joined us yet, come try out our different automated vaults and farm extra points before TGEs 😉

Following the significant changes made to Paradex Gigavault's structure and risk profile, we are putting ltPARA Vault into "withdrawal only" mode. Fees are 0% but the vault will also stop producing yield and points (both Paradex S3 and Shift).

Shift v2 UI is live. We listened to the feedbacks you all provided in the last months and we did our best to implement them. The UI is now: - more complete - more responsive - prepared for the new vaults we will be launching in the next weeks Soon the v2 contracts, audited by @SBSecurity_, will also go live and we will start migrate some of the vaults. hibaUSD @hibachi_xyz vault cap was also slightly increased. hibaUSD is our funding arbitrating strategy, operating across Hibachi and other venues to deliver a market neutral yield.

ELI3: Explaining Shift's Vaults As Shift's vaults increase in number (and expect many more after May) and we are getting more questions about how they work, we thought it would be useful to do a quick summary. ltLLP: ltLLP works like a Lighter LLP maxxer. It deploys the funds in purchasing and staking LIT in the amount necessary to unlock the LLP allocation, which represents the bulk of the vault allocation. The LIT is also hedged. This vault earns from two main sources: LLP returns and LIT "carry" (staking APR funding APR). No need to manage the position on your own, Shift automatically maximizes your exposure to LLP. vGRVT: vGRVT has a dual structure. It allocates 62.5% of the funds to GRVT, of which 40% to GLP and 60% to a ETH short. The remaining 37.5% goes into ETH LSTs/LRTs. This vault earns from several sources: - GLP - GRVT bonus APR on the first 100k of deposit - ETH funding APR - ETH LST/LRT staking APR The vault allows depositor to access the GLP with a ratio unaccessible for normal users, 40% of the balance on GRVT. extUSD: extUSD allocates the majority of the funds to Extended, where the biggest portion of them is deposited into XVS, Extended Liquid Vault, and then used as collateral to open a BTC short. The remaining portion of the funds goes into purchasing (soon staked) BTC onchain. In times of lower yields, a portion of the vault may be allocated to liquid yield bearing cushions, such as SUSDS or Aave USDC. The sources of gains for this vault are: - XVS Normal and Extra APR - BTC funding APR - BTC staking APR (soon) - the yield bearing cushion This vault is able to leverage the extra yield portion of XVS thanks to the volumes it pushes through the BTC leg. hibaUSD hibaUSD allocates to Hibachi and Lighter, performing dynamic funding and price arbitrage between the two venues. hibaUSD is also the first Shift Vault with integrated AI guardrails and guidance. It mainly earns from the differential in prices and funding rates between the two venues.

Extra Points coming in hot for hibaUSD depositors this week

$hibaUSD vault is now at capacity. If it keeps performing like in the last few weeks (> 20% APY) we will slightly increase the cap. In the meantime, you can also take a look at our other larger capacity vaults! We feature: - Extended - GRVT - Lighter All (but Lighter) come with extra points!