Why UPFI — Stablecoin is Partly Collateral Backed and Partly Algorithmically Stable?
hello, how are you?
What is UPFI?
UPFI — Partly Collateralized and Partly Algorithmic Stablecoins Highly scalable, trustless, extremely stable, pure on-chain.
UPFI is the first stablecoin protocol which design principles to create a highly scalable, non-custodial, extremely stable, fractional-algorithmic, and pure on-chain financials on Solana. It supports next-generation payment networks on the blockchain.
We utilize a stablecoin, which is partially collateralized and algorithmically stabilized. It only requires a portion of the capital to mint, which is denominated in other stable assets. The remainder is denominated in a volatile asset as collateral. This generates both a natural demand and a value capture for the volatile asset.
UPFI aims to replace fixed-supply digital assets by bridging the gap between digital currencies and real-world applications with transaction costs of almost zero.
Next, I would like to introduce to you the main Highlights :
1.Decentralized & Governance-minimized
Community-governed, with a focus on a highly autonomous, algorithmic approach that requires no active administration.
2.Fully on-chain oracles
Chainlink and Pyth oracles are used by UPFI.
3.Two Tokens — UPFI Is The Stablecoin
The currency is softly linked to the US dollar. The governance token, UPFI Shares (UPS), earns fees, seigniorage revenue, and excess collateral value.
4.Stablecoins Were Divided Into
With no collateral, centralized fiat is collateralized and algorithmic. UPFI is the first decentralized stablecoin that use a “fractionalized” hybrid approach of algorithm and collateral.
The next very special thing of the project is Top Feature on UPFI :
Mint/redeem
Mint/redeem stablecoin with partial collateral, also use TCR, and ECR for protocol.
Farm
Users can farm UPS by providing liquidity and depositing their LP tokens on UPFI Network.
Governance
Created to give holders the chance to have a voice on the platform while also being rewarded for holding UPS tokens for a long period of time.
About UPS tokennomic:
Token Sale
The Token Sale distribution includes all tokens allocated for seed, private and public sales. Tokens reserved for our initial offering will be released on a linear schedule for all sale users.
Ecosystem & Liquidity
The Ecosystem and liquidity allocation is specifically reserved for fulfilling the needs of future platform integrations including providing liquidity and other bounties.
Strong Community Supporters & Partners
conclusion :
This is a big project with a lot of great features in the future that will definitely not be inferior to any big project on the market. And about their team, I have been following and updating about them, They are talented people with many years experience in the market. Why I recommend you this amazing project, because I want to share with you a project that will give a high return on your investment in the future. Let’s experience this wonderful UPFI project with me.
► For more details, please visit the link below:
https://twitter.com/upfi_network
https://t.me/upfinetworkchannel
►The author
username: tunaduong
BEP-20 Wallet Address : 0xe059adCbAE2f3C8aEc160053BF44277069d6A5cF
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► Disclaimer
Videos are for informational purposes only and are not calls to action.
⚠️ All responsibility for the safety of your money belongs to you.
⚠️ I am not responsible for your decisions.
