The leading digital asset and cryptocurrency trading platform MEXC Global, has teamed up with Mars Ecosystem, a decentralized and scalable stablecoin ecosystem, to provide a package of next-generation DeFi protocols. At its core, UpDeFi, a one-stop Yield-as-a-service (YaaS) platform is ready to launch the IDO in March, where users are able to experience the best asset security and highest optimized yields.
UpDeFi’s main products are strategies. A strategy is a fixed investment strategy defined by a smart contract, which takes advantage of the yield opportunities (liquidity mining, transaction mining, borrowing mining, etc.) and financial products (trading, lending, etc.) in various DeFi protocols or other types of projects to achieve complex automated investment operations, thereby bringing automated and optimal yields to users’ funds.
As a fair launch project, there are no pre-sale, no investor, and no pre-mine. Only participants who contribute to the UpDeFi protocol will receive UP tokens, the governance tokens of the community, based on individual contributions. UpDeFi is dedicated to develop the most secure, most profitable, and easiest-to-use yield strategies across all blockchains.
UpDeFi’s auto-compounding strategy has low fees so that users can receive a higher yield. What’s more, users of UpDeFi’s auto-compounding strategy can not only earn UP token rewards but also the economic model design of UP tokens determines the high value of UP tokens.
At present, the traditional yield aggregators (Autofarm, etc.) on BSC have no protocol tokens to reward users. In this case, users who participate in UpDeFi’s auto-compounding strategy can receive UP token rewards, and users can receive higher yields. Since the UpDeFi protocol has unique yield-enhancing strategies in addition to the auto compounding strategy, therefore, UpDeFi protocol has a lasting and robust source of revenue.
UpDeFi allocates 90% of the protocol revenue to UP token holders. UP token holders only need to stake UP tokens on the UpDeFi platform to participate in the UP-staking strategies and obtain protocol revenues. This economic model design ensures the high value of UP tokens.
When it goes to safety, UpDeFi’s contracts have been audited by well-known security companies in the industry, CertiK, and PeckShield.The CertiK and PeckShield audit reports are about to be released and the UpDeFi team will share the audit reports with the community users first.
Moreover, UpDeFi cooperates with Immunefi, the most well-known bug bounty organization in the industry, to incentivize top developers with real money to further ensure the security of the UpDeFi protocol.
MEXC Global has been working closely with Mars Ecosystem since the early stage. With this partnership, UpDeFi and more projects in Mars Ecosystem has the opportunity to access millions of users around the globe and build a strong community. The exchange will not only provide the ecosystem with added liquidity, but also be a strong power to flourish the ecosystem.
UpDefi will do the IDO on Mars Ecosystem LaunchPad in March. After the IDO, UpDeFi’s strategies will be officially launched. UpDeFi’s first released strategies include three types of strategies towards both the Mars Ecosystem and PancakeSwap platforms. XMS and USDm users will be the first ones to pass IDO, receive UP tokens by mining on the UpDeFi platform, and also receive yields by staking the UP tokens from the UpDeFi platform.
The next Hyper-Optimized Yield Aggregator running on BNB Chain.
About MEXC Global
Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.