{"id":"upton-finance","transactionHash":"0x4a49d76c9234cd11b38e69724a73bfa17237ac9e26a1a5d39f8fbe4c4c602e7e","ipfs":"https://ipfs.everipedia.org/ipfs/QmUwiRCtJjZJp2UeQw8SFtjFjPJTUPtF1UcvAk59oBPwPu","summary":"Upton Finance is a CeDeFi platform on the TON blockchain, offering 15% APY on staked USDT and TON within the Telegram ecosystem.","promoted":0,"title":"Upton Finance","content":"**Upton Finance** is a [CeDeFi](https://iq.wiki/wiki/cedefi-centralized-decentralized-finance) platform within the Telegram ecosystem that aims to provide secure, high-yield savings solutions through the first restaking protocol on the [TON](https://iq.wiki/wiki/the-open-network-toncoin) blockchain.[\\[1\\]](#cite-id-t5vdjtpv3n)[\\[2\\]](#cite-id-tgogh1ailp)  \n![1500x500-15.jpeg](https://ipfs.everipedia.org/ipfs/QmXuW99iVWXeTFpEDx6LHPTt6jz4HZ1XJxAi5rLKL9Ttg4)  \n  \n# Overview  \n  \nUpton Finance is a [decentralized finance](https://iq.wiki/wiki/defi) platform within the Telegram ecosystem that operates on the [TON](https://iq.wiki/wiki/the-open-network-toncoin) blockchain. It functions as the first [CeDeFi](https://iq.wiki/wiki/cedefi-centralized-decentralized-finance) restaking protocol on [TON](https://iq.wiki/wiki/the-open-network-toncoin) and aims to address the gap in high-yield savings products within the ecosystem.   \n  \nThe platform allows users to stake [USDT](https://iq.wiki/wiki/tether) and [TON](https://iq.wiki/wiki/the-open-network-toncoin) tokens, offering an [annual percentage yield (APY)](https://iq.wiki/wiki/annual-percentage-yield-apy) of 15%. By positioning itself as the money market fund of [TON](https://iq.wiki/wiki/the-open-network-toncoin), Upton Finance seeks to provide Telegram's extensive user base with access to secure, yield-generating financial services.[\\[1\\]](#cite-id-t5vdjtpv3n)[\\[2\\]](#cite-id-tgogh1ailp)[\\[3\\]](#cite-id-rbnz0k2xr0d)  \n  \n# Products  \n  \n## Staking Mechanism  \n  \nUpton Finance provides a staking mechanism where users can deposit [USDT](https://iq.wiki/wiki/tether) and [TON](https://iq.wiki/wiki/the-open-network-toncoin) tokens in exchange for USDton tokens, which aim to yield a 15% annual return. The system ensures asset security through third-party custodians and utilizes strategies such as basis arbitrage and AI-driven trading to optimize returns. Users have the option to redeem their USDton tokens for the equivalent amount of their original assets, allowing for liquidity and flexibility[\\[3\\]](#cite-id-rbnz0k2xr0d)[\\[4\\]](#cite-id-qq1q9dxxzm)  \n![Screenshot 2024-08-20 at 23.25.08.png](https://ipfs.everipedia.org/ipfs/QmQHL3S3J34uZs92b1GWw8H1BjQYU9wTUiwVrxo3cJCe3s)  \n  \n## High Returns  \n  \nUpton Finance provides a staking product that aims to offer users a 15% [annual percentage yield (APY)](https://iq.wiki/wiki/annual-percentage-yield-apy) through USDton tokens, primarily using low-risk arbitrage on funding rate contract fees. The platform intends to introduce $UPTON [governance tokens](https://iq.wiki/wiki/governance-tokens), which could potentially increase returns up to 30% [APY](https://iq.wiki/wiki/annual-percentage-yield-apy). Yield generation relies on arbitrage strategies and AI-driven trading to optimize returns while managing risk.[\\[3\\]](#cite-id-rbnz0k2xr0d)[\\[5\\]](#cite-id-b8sjcv0mz4)  \n  \n## User-Friendly Experience  \n  \nUpton Finance aims to offer a user-friendly experience through access via a Telegram Bot and web interface. It seeks to simplify financial management with an intuitive design and gamification elements. Users can deposit [USDT](https://iq.wiki/wiki/tether) and [TON](https://iq.wiki/wiki/the-open-network-toncoin), receive USDton tokens that accrue interest, and manage their investments with real-time updates. The platform also provides educational resources and community support to enhance accessibility and user engagement.[\\[3\\]](#cite-id-rbnz0k2xr0d)[\\[6\\]](#cite-id-rgzuw16x7ms)  \n  \n# Tokenomics  \n  \n## Upton Finance Token ($UPTON)  \n  \n$UPTON is the [governance token](https://iq.wiki/wiki/governance-tokens) of Upton Finance, with a total supply of 21 million tokens on the [TON](https://iq.wiki/wiki/the-open-network-toncoin) blockchain. It is intended to support governance and decision-making processes within the platform. Upton Finance aims to use a strategic [airdrop](https://iq.wiki/wiki/airdrop) model to promote adoption and engagement among Web2 and [Web3](https://iq.wiki/wiki/web3) users in the Telegram ecosystem.[\\[8\\]](#cite-id-ems7xoq59gv)  \n![Screenshot 2024-08-20 at 23.24.22.png](https://ipfs.everipedia.org/ipfs/QmTuPevboKZVg5XaycSVn68uhk3sWuaQecdPxyxtFSy5zt)  \n  \n## Allocation  \n  \nThe $UPTON token allocation is:  \n  \n* **Venture Capital (VC)**: 20%  \n* **Team**: 15%  \n* **Advisors**: 5%  \n* **Airdrop**: 15%  \n* **Ecosystem Incentives**: 25%  \n* **Community Treasury**: 20%  \n  \nRevenue from the Upton protocol will share 50% with $UPTON stakers.[\\[9\\]](#cite-id-9y9z538h976)  \n![Screenshot 2024-08-20 at 23.24.40.png](https://ipfs.everipedia.org/ipfs/QmQkYRSPsZULKF9tYEppBetAUweoYjLskdjWbMGQLrszSt)  \n  \n# Partnerships  \n  \nUpton Finance's key partners include:  \n  \n* [TON](https://iq.wiki/wiki/the-open-network-toncoin) Foundation  \n* [TON](https://iq.wiki/wiki/the-open-network-toncoin) Research  \n* OpenAI  \n* [Ethena](https://iq.wiki/wiki/ethena)  \n* [Binance](https://iq.wiki/wiki/binance)  \n* [OKX](https://iq.wiki/wiki/okx)  \n* [Solana](https://iq.wiki/wiki/solana)  \n* [Near](https://iq.wiki/wiki/near-protocol)  \n* [Base](https://iq.wiki/wiki/base)  \n* [Uniswap](https://iq.wiki/wiki/uniswap)  \n* [Lido](https://iq.wiki/wiki/lido-dao)  \n* [dhedge](https://iq.wiki/wiki/dhedge)  \n* [Pendle](https://iq.wiki/wiki/pendle-finance)  \n* [DWF Labs](https://iq.wiki/wiki/dwf-labs)[\\[7\\]](#cite-id-0pb571haucuk)  \n  \n![Screenshot 2024-08-20 at 23.25.37.png](https://ipfs.everipedia.org/ipfs/QmW8iifCnoBgJ1jPUAUs4PsHsx3fDWYCdUwHMv5fbqM35x)","categories":[{"id":"defi","title":"Decentralized Finance"}],"tags":[{"id":"Online"},{"id":"Protocols"}],"images":[{"id":"QmPQvZyrKUyQsEfJcsFeVoBdYNvdXSM6oiDp4AKT3VZyQs","type":"image/jpeg, image/png"}],"media":[{"id":"QmXuW99iVWXeTFpEDx6LHPTt6jz4HZ1XJxAi5rLKL9Ttg4","size":"0.06","name":"1500x500-15.jpeg","source":"IPFS_IMG"},{"id":"QmQkYRSPsZULKF9tYEppBetAUweoYjLskdjWbMGQLrszSt","size":"0.35","name":"Screenshot 2024-08-20 at 23.24.40.png","source":"IPFS_IMG"},{"id":"QmQHL3S3J34uZs92b1GWw8H1BjQYU9wTUiwVrxo3cJCe3s","size":"0.24","name":"Screenshot 2024-08-20 at 23.25.08.png","source":"IPFS_IMG"},{"id":"QmW8iifCnoBgJ1jPUAUs4PsHsx3fDWYCdUwHMv5fbqM35x","size":"0.10","name":"Screenshot 2024-08-20 at 23.25.37.png","source":"IPFS_IMG"},{"id":"QmTuPevboKZVg5XaycSVn68uhk3sWuaQecdPxyxtFSy5zt","size":"0.73","name":"Screenshot 2024-08-20 at 23.24.22.png","source":"IPFS_IMG"}],"events":[],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"metadata":[{"id":"references","value":"[{\"id\":\"t5vdjtpv3n\",\"url\":\"https://docs.uptonfi.com\",\"description\":\"docs - Introduction\",\"timestamp\":1724161645140},{\"id\":\"tgogh1ailp\",\"url\":\"https://www.uptonfi.com\",\"description\":\"upton finance website\",\"timestamp\":1724161661050},{\"id\":\"rbnz0k2xr0d\",\"url\":\"https://docsend.com/view/adsni6ka7qdkes5r\",\"description\":\"Upton Finance Investment Memo\",\"timestamp\":1724162311660},{\"id\":\"qq1q9dxxzm\",\"url\":\"https://docs.uptonfi.com/product-how-it-works/staking-mechanism\",\"description\":\"docs - staking mechanism\",\"timestamp\":1724163106316},{\"id\":\"b8sjcv0mz4\",\"url\":\"https://docs.uptonfi.com/product-how-it-works/high-returns\",\"description\":\"docs - high returns\",\"timestamp\":1724163224580},{\"id\":\"rgzuw16x7ms\",\"url\":\"https://docs.uptonfi.com/product-how-it-works/user-friendly-experience\",\"description\":\"docs - User-Friendly Experience\",\"timestamp\":1724163399102},{\"id\":\"0pb571haucuk\",\"url\":\"https://docs.uptonfi.com/partnership\",\"description\":\"docs - partnerships\",\"timestamp\":1724163513017},{\"id\":\"ems7xoq59gv\",\"url\":\"https://docs.uptonfi.com/usdupton-tokenomics\",\"description\":\"docs - tokenomics\",\"timestamp\":1724163562331},{\"id\":\"9y9z538h976\",\"url\":\"https://docsend.com/view/ye5cj24xvc2re2ft\",\"description\":\"Upton Finance Deck\",\"timestamp\":1724163706694}]"},{"id":"website","value":"https://www.uptonfi.com"},{"id":"twitter_profile","value":"https://x.com/upton_fi"},{"id":"telegram_profile","value":"https://t.me/uptonfinance"},{"id":"previous_cid","value":"Qme9P9gstZfFk3BmH9246ft8DDHii17yGW3oNDsZQ2Gtau"},{"id":"previous_cid","value":"QmUwiRCtJjZJp2UeQw8SFtjFjPJTUPtF1UcvAk59oBPwPu"}],"linkedWikis":{"founders":[],"blockchains":[],"speakers":[]},"version":1,"language":"en","updated":"2024-08-20T14:38:53.305Z","created":"2024-08-20T14:38:53.305Z","views":0,"founderWikis":[],"blockchainWikis":[],"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"hidden":false}