# Upton Finance > Upton Finance is a CeDeFi platform on the TON blockchain, offering 15% APY on staked USDT and TON within the Telegram ecosystem. - Canonical URL: https://iq.wiki/wiki/upton-finance - Categories: Projects & Protocols - Tags: DeFi, Infrastructure - Created: 2024-08-20T14:38:53.343Z - Last updated: 2024-08-29T08:22:53.462Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **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) ![1500x500-15.jpeg](https://ipfs.everipedia.org/ipfs/QmXuW99iVWXeTFpEDx6LHPTt6jz4HZ1XJxAi5rLKL9Ttg4) # Overview Upton 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. The 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) # Products ## Staking Mechanism Upton 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) ![Screenshot 2024-08-20 at 23.25.08.png](https://ipfs.everipedia.org/ipfs/QmQHL3S3J34uZs92b1GWw8H1BjQYU9wTUiwVrxo3cJCe3s) ## High Returns Upton 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) ## 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](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) # Tokenomics ## Upton Finance Token ($UPTON) $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) ![Screenshot 2024-08-20 at 23.24.22.png](https://ipfs.everipedia.org/ipfs/QmTuPevboKZVg5XaycSVn68uhk3sWuaQecdPxyxtFSy5zt) ## 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.[\[9\]](#cite-id-9y9z538h976) ![Screenshot 2024-08-20 at 23.24.40.png](https://ipfs.everipedia.org/ipfs/QmQkYRSPsZULKF9tYEppBetAUweoYjLskdjWbMGQLrszSt) # Partnerships Upton Finance's key partners include: * [TON](https://iq.wiki/wiki/the-open-network-toncoin) Foundation * [TON](https://iq.wiki/wiki/the-open-network-toncoin) Research * OpenAI * [Ethena](https://iq.wiki/wiki/ethena) * [Binance](https://iq.wiki/wiki/binance) * [OKX](https://iq.wiki/wiki/okx) * [Solana](https://iq.wiki/wiki/solana) * [Near](https://iq.wiki/wiki/near-protocol) * [Base](https://iq.wiki/wiki/base) * [Uniswap](https://iq.wiki/wiki/uniswap) * [Lido](https://iq.wiki/wiki/lido-dao) * [dhedge](https://iq.wiki/wiki/dhedge) * [Pendle](https://iq.wiki/wiki/pendle-finance) * [DWF Labs](https://iq.wiki/wiki/dwf-labs)[\[7\]](#cite-id-0pb571haucuk) ![Screenshot 2024-08-20 at 23.25.37.png](https://ipfs.everipedia.org/ipfs/QmW8iifCnoBgJ1jPUAUs4PsHsx3fDWYCdUwHMv5fbqM35x)