# What’s UP? UP is a protocol developed by the UP team, aptly named dually for the name of our organization and to the direction of the tokens price action being only and always UP - created for all markets bear and bull alike. The backbone of the protocol, the $UP Token, is a perpetually appreciating asset 100% backed (initially by all stable coin treasury, but depending on market conditions and community decisions may be backed by other blue chip assets like BTC and ETH overtime). Imagine an asset that is a haven like gold during a bear market like today while providing a great opportunity to earn Real Yield with no price depreciation, but actually only price appreciation!! All buys increase the price, but all sells do as well. Confusing at first glance, how can sells increase the price? Well, the fundamentals of the UP protocol enable this with two very simple core mechanisms, the Mint and Redeem functions. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.upfinance.io/whats-up.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.