Upfi
  • UPFI Stablecoin
    • Fractional Protocol on NEAR
  • UPS tokenomic
  • Roadmap
  • Products
    • 🧑‍🌾Farms, pools and vaults
    • 💱Exchange : stableSwap
    • 🏛️GOV (DEFI 2.0)
      • Quick start
      • FAQ
      • Block rebase
      • Staking
      • Bonding
    • 💰Treasury
    • 🏞️UPFI World (Social metaverse)
      • Entertainment
        • No-Loss Competitions
        • Mini game
    • 💎UPFI Pro
  • MECHANISM
    • Price Stability
    • Collateral ratios
    • Minting
    • Redeeming
    • Pricing oracles
    • Liquidity and Partners
  • USING THE WEB
    • Buy Bonds
      • Devnet
    • Stake UPS
      • Mainnet
      • Devnet
    • Farming & UPFI protocol
      • Devnet
      • Mainnet
    • Stable swap & farm pool
    • UPFI - Lucky No Loss
      • Close-Out
      • Prize Pool Structure
    • Mini-Game
    • UPFI world character NFT
    • UPFI Pro
    • Near
      • Testnet
  • Community and support
    • Sollet wallet setup
    • Contracts
    • 🔐Audit
    • Community
    • FAQs
    • Become as a partner
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  1. MECHANISM

Price Stability

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Last updated 3 years ago

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The UPFI token’s price stability is supported by multiple mechanisms. The main pillar of the price stability comes from the possibility of redeeming UPFI token for approximately one U.S. Dollar worth of tokens. Another mechanism to support the price peg is the arbitrage opportunity offered by the minting and redeeming functions.

If the price of the UPFI token is less than one U.S. Dollar, then anyone can purchase it on the open market and redeem it for approximately one USD worth of value.

If the price of the UPFI token is more than one U.S. Dollar, then anyone can mint it with the protocol for approximately one USD worth of value and sell it on the open market.

Price stability