> For the complete documentation index, see [llms.txt](https://docs.coinshift.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coinshift.xyz/coinshift-assets/csusdl/coinshift-usdl-vault/token-specification.md).

# Token Specification

csUSDL is an ERC-4626 representation of USDL in the Coinshift USDL Morpho Vault. csUSDL allows lenders to deposit USDL to receive csUSDL as a receipt token, while still being fully composable in DeFi ecosystem. 

{% hint style="info" %}
[ERC4626](https://eips.ethereum.org/EIPS/eip-4626) is an extension of [ERC20](https://docs.openzeppelin.com/contracts/4.x/erc20) that **proposes** a standard interface for token vaults.\
\
Read more about ERC4626 at[ OpenZeppelin](https://docs.openzeppelin.com/contracts/4.x/erc4626#:~:text=ERC4626%20is%20an%20extension%20of,brings%20a%20number%20of%20subtleties.)
{% endhint %}

### Contract Details

* Contract Name: Coinshift USDL
* Token Symbol: csUSDL
* Token Decimals: 18
* Ethereum Deployment: [0xbEeFc011e94f43b8B7b455eBaB290C7Ab4E216f1](https://etherscan.io/address/0xbEeFc011e94f43b8B7b455eBaB290C7Ab4E216f1)


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