Summary
This proposal seeks to include the Upshift earnAUSD Vault as part of USP backing.
By integrating the vault, USP backing benefits from diversified yield generation and improved on-chain collateral utility. The vault systematically allocates stable assets into optimized DeFi yield strategies, providing risk-adjusted returns while maintaining simplicity and liquidity for depositors.
Rationale
Integrating the Upshift earnAUSD Vault into the USP backing strategy enhances the treasury’s capital efficiency by exposing backing assets to a diversified, risk-aware yield engine without compromising liquidity or composability. Upshift vaults are designed to automatically allocate deposited assets across vetted DeFi yield opportunities — including lending, basis trades, and structured allocations — thereby earning optimized risk-adjusted yield on stablecoins like AUSD, which can complement USP’s backing profile.
USP Reserve Backing – Max Allowance Additions
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 10% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
USP Reserve Backing – Distribution Table Additions
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
Reserve Backing Distribution – Pre Proposal
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 7.5% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Cap USD stcUSD | On Chain | https://cap.app/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Midas mAPOLLO | On Chain | https://midas.app/mapollo |
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |
Reserve Backing Distribution – Post Proposal
| Rate | Crypto | Type | Details |
|---|---|---|---|
| 65% | BMMF Turkey Stablecoin FX Arbitrage Strategy | On Chain | https://www.balsafinance.com/ |
| 10% | USD AI sUSDai | On Chain | https://usd.ai/ |
| 7.5% | Giza Arma Agent | On Chain | https://arma.xyz/ |
| 5% | Aave aUSDT | On Chain | Aave - Open Source Liquidity Protocol |
| 5% | Upshift earnAUSD | On Chain | https://app.upshift.finance/pools/143/0x36eDbF0C834591BFdfCaC0Ef9605528c75c406aA |
| 2.5% | Yuzu Money syzUSD | On Chain | https://yuzu.money/ |
| 2.5% | Midas mF-ONE | On Chain | https://midas.app/mfone |
| 2.5% | Staked NUSD (sNUSD) | On Chain | https://www.neutrl.fi/ |