Upton Finance is a CeDeFi platform within the Telegram ecosystem that aims to provide secure, high-yield savings solutions through the first restaking protocol on the TON blockchain.^[1][2]

Overview

Upton Finance is a decentralized finance platform within the Telegram ecosystem that operates on the TON blockchain. It functions as the first CeDeFi restaking protocol on TON and aims to address the gap in high-yield savings products within the ecosystem.

The platform allows users to stake USDT and TON tokens, offering an annual percentage yield (APY) of 15%. By positioning itself as the money market fund of TON, Upton Finance seeks to provide Telegram's extensive user base with access to secure, yield-generating financial services.^[1][2][3]

Products

Staking Mechanism

Upton Finance provides a staking mechanism where users can deposit USDT and TON 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][4]

High Returns

Upton Finance provides a staking product that aims to offer users a 15% 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, which could potentially increase returns up to 30% APY. Yield generation relies on arbitrage strategies and AI-driven trading to optimize returns while managing risk.^[3][5]

User-Friendly Experience

Upton 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 and TON, 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][6]

Tokenomics

Upton Finance Token ($UPTON)

$UPTON is the governance token of Upton Finance, with a total supply of 21 million tokens on the TON blockchain. It is intended to support governance and decision-making processes within the platform. Upton Finance aims to use a strategic airdrop model to promote adoption and engagement among Web2 and Web3 users in the Telegram ecosystem.^[8]

Allocation

The $UPTON token allocation is:

• Venture Capital (VC): 20%
• Team: 15%
• Advisors: 5%
• Airdrop: 15%
• Ecosystem Incentives: 25%
• Community Treasury: 20%

Revenue from the Upton protocol will share 50% with $UPTON stakers.^[9]

Partnerships

Upton Finance's key partners include:

• TON Foundation
• TON Research
• OpenAI
• Ethena
• Binance
• OKX
• Solana
• Near
• Base
• Uniswap
• Lido
• dhedge
• Pendle
• DWF Labs^[7]