UPFI
Curated by SignalDecentralized stablecoin platform offering algorithmic stabilization and governance.
Overview
UPFI is a stablecoin platform designed to tackle stability and usability issues in decentralized finance (DeFi). It offers a stablecoin that is partially backed by collateral and stabilized through algorithmic mechanisms. The platform includes two main products: the UPFI stablecoin and the UPFI shares (UPS) governance token, which is intended to encourage long-term holding and liquidity provision. UPFI targets users within the DeFi ecosystem and operates entirely on-chain on the Solana blockchain. It employs a Token Curated Registry and an Elastic Collateral Ratio as part of its protocol. The platform utilizes Chainlink and Pyth oracles for price feeds, which contribute to its scalability and trustlessness, while promoting community governance and autonomy through a decentralized model.
Key facts
- Founded
- 2021
- Headquarters
- Tortola, United Kingdom
- Stage
- Sign up to view
- Industry
- Financial Technology
- Sector
- Decentralized Finance
Contact
- Primary office
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