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Upfi
UPFI Stablecoin
Roadmap
Products
UPS tokenomic
Farms, pools and vaults
Governance model
Treasury
MECHANISM
Price Stability
Collateral ratios
Minting
Redeeming
Pricing oracles
Liquidity and Partners
Community and support
Sollet wallet setup
Contracts
Community
FAQs
Devnet
Mainnet
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UPFI Stablecoin
a partially-collateralized Stablecoin in the Solana ecosystem
UPFI protocol
The UPFI token is a partially collateralized and partially algorithmically stabilized token soft-pegged to the U.S. Dollar. The protocol's goal is to keep the UPFI token price stable.
Two tokens are used as collateral: USDC and the UPFI share token (UPS). When a user mints UPFI by depositing USDC and UPS, the USDC is locked in the protocol, and the deposited UPS is burnt. When a user redeems UPFI for the underlying collateral, the user gets their deposited USDC back, and the protocol mints UPS. This dual-collateral design along with the redemption mechanism helps to keep the price of UPFI stable.

UPFI Network

UPFI is the first stablecoin protocol which design principles to create a highly scalable, non-custodial, extremely stable, fractional-algorithmic, and pure on-chain finance on Solana. It supports next-generation payment networks on the blockchain.
We utilize a stablecoin, which is partially collateralized and algorithmically stabilized. It only requires a portion of the capital to mint, which is denominated in other stable assets. The remainder is denominated in a volatile asset as collateral. This generates both a natural demand and a value capture for the volatile asset.
UPFI aims to replace fixed-supply digital assets by bridging the gap between digital currencies and real-world applications with transaction costs of almost zero.
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UPFI Network