Upshift launches Stellar Earn vaults offering fixed 10% APY on USDC and 5% on XLM, backed by Gami and Merkl.
DeFi & Yields ·
Upshift has launched Stellar Earn vaults offering fixed yield on stablecoins and native assets, with rates set at 10% APY for USDC and 5% APY for XLM. The vaults are backed by Gami and Merkl, according to the platform's announcement.
The mechanism positions these yield products within Stellar's broader ecosystem, which has expanded infrastructure for institutional-grade tokenization and payments-focused applications. Vaults represent a structured way to deploy capital on the network while locking in predetermined returns, leveraging the protocol's native asset semantics and payment primitives.
Details on vault mechanics—including minimum deposit sizes, lockup periods, or how Gami and Merkl generate the underlying yield—remain unspecified in available announcements. The conditions under which these fixed rates may change or terminate have not been disclosed.