The UP Difference
UP is more than just its token. Everything that the UP team develops will drive volume and be used to create more utility for $UP. UP is not a singular protocol with no future but the first stone laid as the building block to create the financial ecosystem that will offer unique and real yield earning potential.
The macro economic outlook is dire and not looking to pivot anytime soon. Defi needs a protocol that offers real earning potential from a token that is 100% backed and not susceptible to major price dumps hurting the protocol and the community alike.
Our community will see just how much our own team believes in the protocol from the protocol treasuries funds used to mint and hold primarily $UP when not using the funds for investments. Being 100% backed by stables and always redeemable for stables (as long as the stablecoins themselves remain that way) offers a unique and needed asset class to our community base, where users can actually earn on their stable coin holdings in multiple ways and strategies rather than risk them elsewhere. UP will engage with the community on investment strategies and offer additional rewards and incentives via staking and farming opportunities within the UP ecosystem and partner ecosystems!! (Details will be documented, discussed, and announced as opportunities arise)
UP will provide these strategies in various ways and are proud to announce the initial investment strategies in this Whitepaper,(future strategies will be presented to the community and NFT holders to choose and the team at UP will constantly look for opportunities from partners and all of Defi and anywhere really)
Warfi Warbot Partnership
UP is proud to invest in WarFi’s battle tested Warbots with proceeds from the NFT Mint used to invest in Warfi's very successful Warbots.
Initial investment is dependent on NFT raise. Example of potential Warbot returns broken down below (Team is still in discussion on the distributions and whether or not 100% will be used to purchase $UP, the below is provided as an example only and official announcements will be made. The definitive guarantee is 10% profit from investments distributed to oNFT stakers):
50% of the Warbot profit will be allocated to the protocol treasury for future development, additional investments (including minting $UP), and expenses
50% will be used to mint $UP
60% of the minted $UP will be allocated to the future staking pools
Once pools are live the rewards will be funded in reward contracts
20% (Equivalent of 10% of total) will be allocated to the NFT Staking pool
20% will be allocated to the protocol Treasury
Warfi has also announced that Warbots will have the option to be paid in $UP tokens!
Earn additional yield on your Warbot profits!
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