Problem, Solution & Mission

Problem to Solve

• Locked Liquidity: Many users holding mainstream assets on the TON chain, such as TON, face reduced liquidity when holding these assets. Without liquidating them, users cannot freely access or utilize their assets for other financial opportunities, limiting their flexibility and the utility of their holdings.

• Lack of Stablecoin Yield: The 900 million Telegram users lack access to high-yield deposit services. A significant portion of their funds, especially in USDT, remain idle and do not generate sufficient returns. Unlike WeChat, which offers money market fund products like Yu'E Bao to its users, Telegram’s ecosystem lacks an equivalent solution. As Telegram’s user base and ecosystem continue to grow, the absence of a robust, high-yield savings product for these idle funds becomes a critical gap, leaving users without an effective means to grow their stablecoin assets.

Upton Finance Solution

Upton Finance is the Stablecoin Yield Layer of Telegram ecosystem. Upton Finance is the Stablecoin Yield Layer of Telegram ecosystem. The mission is to enable 900M Telegram users to enjoy high-yield stablecoin financial services, achieving true financial equality.

Unlocking Collateral Liquidity with USDtg

Upton Finance introduces USDtg, an over-collateralized CDP stablecoin similar to MakerDAO's DAI. By allowing users to collateralize mainstream assets on TON Blockchain like BTC, ETH, and TON, USDtg enables them to unlock liquidity without having to sell their assets. This solution provides financial flexibility, allowing users to retain the value of their collateral while using the stablecoin for other purposes, addressing the problem of locked collateral liquidity.

Providing High-Yield Savings with USDton

Upton Finance offers USDton, a yield-bearing stablecoin similar to sDAI, designed to address the lack of high-yield savings options in the Telegram ecosystem. Users can deposit USDtg or USDT into USDton and earn competitive interest, with yields backed by CeDeFi strategies and U.S. Treasury returns on collateral. As interest accrues, the value of USDton increases over time, providing Telegram’s 900 million users with a much-needed high-yield savings product for their idle funds.

Gamification for Enhanced User Engagement

Upton Finance integrates gamification through its Telegram mini-games, which boast over 1.6 million active players. These games serve as an entertainment gateway to Upton's financial services, guiding users to stake on-chain assets to mint USDtg or USDton directly from the game interface. This seamless integration not only enhances user engagement but also significantly boosts Upton's TVL by converting game players into active participants in the protocol.

Mission and Vision

The mission is to enable 900M Telegram users to enjoy high-yield stablecoin financial services, achieving true financial equality.