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UPFI Network

Closed
UPFI Network

3.9

Desiairdrops Ratings

  • 4.0
    TEAM
  • 3.9
    VISION
  • 3.8
    PRODUCT

Airdrop Details

Tokens 20,000 $UPS
Est. value 20,000 $UPS
Protocol SPL
Total Supply 1 billion $UPS
Referral Yes
End in October 24, 2021
Price/Token TBA

UPFI Network

Looks you missed this airdrop.!
No worries, Join our Telegram Channel & group to receive immediate notifications.

Telegram channel link : https://t.me/desiairdropsofficial
Telegram Group link : https://t.me/desiairdrops

UPFI Network is a total airdrop of 20,000 $UPS to 100 lucky winners. To participate this airdrop, visit their airdrop page and complete all the given tasks.

 

UPFI Network airdrop

Steps for UPFI Network airdrop registration:

  1. Visit their airdrop page.
  2. Follow them on twitter and retweet their pinned post.
  3. Join their telegram group and channel.
  4. Participate in their quiz.
  5. Complete all the tasks and submit your details to the form.

OVERVIEW

The Up share token (UPS) is the non-stable, functioning to hold rights to governance and all excess collateral of the system. It also allows users to receive income by staking it. The circulating supply of UPS token changes because it is both burned when someone uses it to mint a UPFI token and it is also minted when someone redeems UPFI token. Users can farm UPS by providing liquidity and depositing their LP tokens on Upfi.network’s own website. These farms are not auto-compounding, however next pool maybe offer auto-compounding farming options as well. All of the following liquidity farming pools are 50%-50% ratio UPS farming pools. There is no locked rewards with any of the pools. ECR stands for Effective Collateral Ratio and it is showed in percentage. This percentage expresses the amount of BUSD token stored as collateral for the UPFI token. If the Target Collateral Ratio (TCR) is lower than ECR, then the protocol has Excess Collateral. TCR is usually lower than ECR when the demand for the UPFI token is high and the price stays above the peg. If the TCR is higher than the ECR, then the protocol has no Excess Collateral. TCR is usually higher than the ECR when the price of the UPFI toke stays around and below the peg to 1$ for extended period of time. TCR stands for Target Collateral Ratio and it is showed in percentage. This ratio expresses what percentage of BUSD token is required to mint UPFI token. If the time weighted average price of UPFI token in the past hour is more than $1.00, then the protocol lowers the TCR by 0.25%. If it is less than $1.00, then the protocol increases the TCR by 0.25%.

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