Shyft Finance Launches First Yield Vaults on Ethereum with VARA-Licensed GAP3

Shyft Finance is set to launch its first two curated yield vaults on Ethereum, shYIELD and shCORE. The Dubai-based Virtual Asset Service Provider GAP3 Partners FZCO has been appointed as the Co-Curator for both vaults, providing research, analysis, and recommendations to Shyft around each of its vault strategies.

GAP3 obtained a license from the Dubai Virtual Assets Regulatory Authority (VARA) last year. With their initial allocations established and contracts deployed on mainnet, shYIELD and shCORE are now working on the curation framework as they approach pre-deposits.

shYIELD combines three different sources of yield: Radiant Prime, Maple syrupUSDC, and Gauntlet USD Alpha. The vault generates yield mainly through overcollateralized lending to institutional borrowers, alongside additional strategies such as futures-basis trading and DeFi liquidity provision.