ctUSD Earn Vault is Live

ctUSD was built to serve as foundational liquidity for Bitcoin applications and the bedrock for Bitcoin capital markets. Today, we are taking a major step forward in this mission with the launch of the ctUSD Earn Vault. By strategically allocating ctUSD liquidity across selected Citrea ecosystem venues, the vault generates combined yields without leverage.

The ctUSD Earn Vault and its underlying strategy are officially live.
Start Depositing: https://app.upshift.finance/pools/4114/0x68499eAEf8c4994593C56a1257BD151D17950BA2

From an Oversubscribed Pre-Deposit Phase to the Public Earn Vault

The ctUSD vault has already demonstrated incredible demand during the pre-deposit phase. Our initial ctUSD pre-deposit vault featured an $18M cap with a 2-month lockup period. Seed liquidity was provided by Yield Network and other key institutional partners prior to the public phase.

When the remaining public deposit phase opened, it filled in a matter of seconds. To accommodate demand, we raised the cap by an extra $3M which was filled in less than 5 minutes.

We are carrying this momentum into our next phase. The ctUSD Earn Vault is now fully public and designed to be the liquidity driver for Bitcoin Capital Markets:

• Fully Public: Open to all depositors.
• No Caps: The vault stays open to depositing unconstrained by hard cap limits.
• No Lock-ups: Flexible capital deployment with a 24-hour redemption window (subject to liquidity and market conditions).
• Ecosystem-Wide Yield: Automated access to the premier yield sources within the Citrea network with no leverage involved.

ctUSD Earn Vault Strategy and Ecosystem Deployment

The Earn Vault automatically distributes ctUSD liquidity across premier venues to capture optimized, non-leveraged returns (including trading fees, borrow interest, and Citrea ecosystem token incentives) while maintaining necessary idle liquidity for withdrawals and portfolio rebalancing.

Vault Interface: Upshift (@upshift_fi)
Vault Curator: RockawayX (@RockawayX)
Redemption Window: Within 24 hours (subject to available liquidity, market conditions, and operational requirements).

The vault's diversified strategy allocates assets across three core pillars in the Citrea ecosystem:

1. Satsuma (Automated Market Making)

• Strategy: Liquidity provision to the ctUSD-USDC stablecoin pool.
• Yield Sources: Organic trading fees, associated stablecoin yield, and $SUMA token incentives.

2. Morpho via Mystic Interface (Lending Market)

• Strategy: ctUSD is supplied to selected Morpho lending markets to earn interest driven by borrower demand.
• Yield Sources: Native borrow interest.

3. Zentra (Lending Market)

• Strategy: Supply ctUSD directly to the Zentra lending market to capture interest from borrower demand.
• Yield Sources: Native borrow interest combined with $ZNT token incentives.

Conclusion: The Era of Structured BTC Products

The demand for transparent yield has been proven. With the ctUSD Earn Vault, we aim to provide a reliable, non-leveraged solution that captures optimized returns across the premier venues of the Citrea ecosystem.

Managed by a professional curator, RockawayX and automated through Upshift, this vault gives users access to stablecoin yields without unnecessary risk, delivering the efficient financial products the Bitcoin community demands.