> 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/fees-and-revenue.md). # Fees & Revenue ### Revenue Streams Coinshift generates protocol revenue through two primary streams, all enforced transparently onchain: #### 1. USDL Minting Fee Share Through a direct partnership with Paxos International, Coinshift earns up to **0.2%** on all USDL minted via the csUSDL platform. > 📈 **Example:**\ > A 20 bps share on $16 billion AUM would generate **$32 million per year** in revenue. This model aligns Coinshift’s growth with USDL adoption and creates a stable revenue base. *** #### 2. Vault Performance Fee Coinshift may charge a performance fee — a share of the interest borrowers pay to access wUSDL from the vault. csUSDL currently charges **0%**, encouraging capital inflow and growth. In the future, SHIFT holders will govern this parameter. The target range is **5–10%** of borrower interest. > 📈 **Example:**\ > At a 10% performance fee on a 2% borrow APY, Coinshift earns an effective 0.2% on AUM — or **$32 million annually** at $16B AUM. *** ### Current Fee Structure (csUSDL) | Fee Type | Rate | Description | | ------------------- | --------------- | --------------------------------------------------------- | | **Mint Fee** | 0% | No fee when minting csUSDL | | **Redemption Fee** | 0% | No fee when redeeming csUSDL | | **Performance Fee** | 0% (governed) | Set by governance. Target range: 5–10% of borrow interest | | **AUM Fee** | 0.2% annualized | Charged on idle wUSDL held in the vault | *** ### Strategic Revenue Alignment Coinshift’s revenue model is designed to grow alongside csUSDL adoption and vault usage: * As more users mint USDL via Coinshift, stable revenue grows through the minting fee share. * As vault utilization increases, performance fees scale with lending demand. This value flows back to the network through the SHIFT token economy. Governance may direct protocol revenue toward: * **SHIFT buybacks and burns** to reduce token supply * **Treasury accumulation** for future development and stability * **Contributor incentives and partner programs** that increase adoption The more csUSDL is used, the more value is generated — and the more SHIFT reflects that growth. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.coinshift.xyz/coinshift-assets/csusdl/fees-and-revenue.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.