Shyft
Before integration, please read the documentation on the official website. If you have any questions, you can send a request to support.
What is Shyft Network?
Shyft Network is a public blockchain protocol built for identity, trust, and compliance, enabling enterprises to embed verified data—such as credentials, KYC/AML, and credit attributes—seamlessly into decentralized systems.
At launch in July 2021, Shyft adopted a semi-permissioned validator set—initially 21 nodes—operating with PoS-based mechanisms alongside tailored authority elements.
Shyft’s compliant DeFi features include:
- Identity Verification & Credentialing: Attest credentials on-chain while maintaining user consent and data confidentiality.
- Compliant Asset and Pool Creation: Only verified participants may initiate regulated assets, loans, and liquidity pools.
- On-chain Credit Scoring: Under development for calculating reputation using verified on-chain data—potentially reducing over-collateralization in lending.
This framework enables institutions and DeFi platforms to collaborate in a permissioned-style environment: whitelisted users can access compliant products while malicious actors may be blacklisted for risk management.
Shyft has seen strong adoption: over 2.5 B SHFT tokens issued, support for 40+ exchanges and VASPs, and more than 2.5 M daily transactions as of mid‑2025. As an identity and compliance layer, Shyft bridges the gap between regulated institutions and the DeFi ecosystem.
Integration with Cryptoworth
Shyft’s integration with Cryptoworth automates comprehensive subledger insights for identity-driven DeFi use cases:
- On-chain identity attestations and credential events;
- SHFT token issuance and bridge transactions;
- Whitelist & blacklist participation logs;
- Credit-score issuance (when available).
Cryptoworth converts these into structured journal entries—tracking cost basis, income (from credential issuance or rewards), and asset movements—exportable to GL systems like QuickBooks, NetSuite, or ERPs, ensuring **audit‑ready clarity** for institutional-led DeFi workflows.
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