Upshift has selected EO Network to deliver secure, real-time NAV feeds for coreUSDC, the receipt token representing positions in Upshift's flagship meta-vault. This partnership brings EO Network's battle-tested oracle infrastructure to a vault strategy that aggregates the best-performing stablecoin yields across both DeFi and CeFi.

This builds on our existing, strong relationship with Upshift, where EO Network already powers price feeds for their upUSDC and hgETH vaults. Now with coreUSDC, we're bringing that same transparent NAV infrastructure to their flagship meta-vault strategy.

About Upshift

Upshift is infrastructure enabling institutional funds and asset issuers to tokenize their DeFi strategies as vaults. The Core USDC vault accepts USDC deposits and diversifies capital across other Upshift stablecoin vaults, each offering exposure to curated strategies like Binance basis trades, institutional lending and looping on Morpho. By providing the coreUSDC NAV feed, EO Network enables transparent valuation and composability for this innovative "vault of vaults" model.

About August

Built on August, the leading prime brokerage for DeFi with $7B+ in monthly volume, Upshift vault strategists execute sophisticated products including options and OTC credit facilities. The August risk engine's real-time NAV pricing, now secured by EO Network, ensures unrivaled risk management for every coreUSDC holder.

Learn more about Upshift | Learn more about August

Understanding coreUSD’s Meta-Vaults & Receipt Tokens

coreUSDC is a meta-vault: a "vault of vaults" that diversifies user capital across multiple high-performing stablecoin yield strategies. When users deposit USDC into the Core USDC vault, they receive coreUSDC receipt tokens that represent their proportional share of the vault's total assets.

As the vault generates yield from its diversified strategies, the Net Asset Value (NAV) per coreUSDC token increases, meaning each coreUSDC becomes worth more USDC over time. This model allows for:

• Passive diversification across DeFi and CeFi yield opportunities

• Transparent performance tracking through verifiable NAV updates

• Composability with other DeFi protocols via the coreUSDC receipt token

EO Network's role is critical: we provide the real-time NAV feed that enables protocols, users, and integrators to accurately value coreUSDC positions, unlocking the ability for coreUSDC to be used as collateral, traded on secondary markets, or integrated into lending protocols.

The $100T Opportunity: TradFi Yield Markets Coming on-chain

The global TradFi yield market, spanning bonds, savings accounts, and fixed income, is worth over $100 trillion. As these markets move on-chain, tokenized vaults like coreUSDC represent the most capital-efficient, transparent, and secure medium for institutions and crypto investors to earn yield.

The on-chain yield ecosystem is already scaling rapidly:

• $33B in RWAs ($17B private credit, $8B US T-bills)

• Yield-bearing tokens like Ethena at $15B, Pendle at $7B

• DeFi TVL at $167B, approaching 2021 peaks

Upshift's coreUSDC vault captures this opportunity by aggregating diversified exposure across the best stablecoin strategies in DeFi, saving users time while maintaining unrivaled risk standards. EO Network's NAV feeds ensure that every strategy, every allocation, and every yield distribution is transparently tracked on-chain.

Why EO Network?

Upshift utilizes EO Network's oracle services to provide accurate and secure NAV feeds for the coreUSDC receipt token. This ensures the vault operates with reliable data, a critical component for risk management, institutional adoption, and fair value assessment of diversified yield strategies.

With EO Network powering NAV feeds for coreUSDC:

• Vault issuers gain secure pricing infrastructure to support institutional adoption and transparent reporting

• Composability becomes possible between DeFi protocols, enabling coreUSDC to be used as collateral or integrated into lending markets

• The tokenized vault ecosystem has the trust-minimized infrastructure it needs to scale alongside the $100T+ opportunity in on-chain yield

Build with EO Network

EO Network is open to all builders. To integrate, start with the EO Network integration guide or follow the links below:

• Price feed addresses: https://docs.eo.app/docs/eprice/feed-addresses/

• Website: eo.app

• Community hub: link3.to/eoracle