A superior store of value, designed to go $UP
$UP is a superior store of value. It allows holders to upsorb (stake) value. In contrast to Tezos staking, the amount of staking rewards that are paid out is correlated to a function of time that grows super-linearly with the stake length.
Bakers and miners sell down the price to cover their costs. $UP only pays holders. No negative externalities. Just a superior store of value.
$UP is designed to be analogous to Bitcoin when it comes to inflation. Inflation is around 3% and also based on halvings. But instead of paying miners to secure the network, $UP pays holders to secure the price. $UP is deflationary for upsorbers (who outperform the average), and its inflation will stop completely after 12 years.
Frequenty asked questions
Utility of $UP?
Where can I buy $UP?
$UP can be bought on Tezos most popular DEX aggregator: 3route. We recommend buying $UP there because it gets you the best rate (since liquidity is spread among a few Tezos DEXes). Charts can be e.g. found on Coingecko.
Where can I see more stats about $UP's game-theory?
Why should I upsorb/stake my $UP?
Can I emit/unstake early?
No, once staked/upsorbed you can't unstake anymore until the duration you agreed on is over - e.g. 60 days.
What's the doubling?
The doubling is analogous to Bitcoins halvening. Every 2 years the minimum stake length doubles. At year 1-2 the minimum stake length will be 30 days, at year 2-4 60 days, etc. After 12 years the min. stake length is > the max stake length. Nobody can upsorb anymore and the $UP inflation will stop. If you are interested in more insights/stats there is also a insights page.
How much does $UP inflate every year?
$UP only inflates around 3% per year. It's deflationary for stakers who upsorb more and longer than the average.
How are the high yields possible?
As stated above, $UP only inflates around 3% per year. The protocol only pays rewards to upsorbers/stakers. If e.g. only 10% of the total supply is staked than the average APY is around 30%.
What is a reward function that grows super-linearly?
The longer you commit to a stake, the more $UP rewards you get. Longer pays better, even if you have less $UP to stake.
From where will demand for $UP come from?
We think that $UP is an important part of the Tezos DeFi ecosystem. Being a superior store of value benefits the whole ecosystem. If you believe that Tezos and its ecosystem will grow, $UP will definitely grow with it.
Whats the purpose of $UP?
As stated in the quote above, the main purpose of $UP is to become an alternative store of value in the Tezos ecosystem. The game-theory (math) behind $UP incentivises using the token to store value and to delay gratification.
Is $UP open-source?
What happens if you upsorb/stake your $UP?
The $UP will be locked in the contract and a reward, depending on stake amount and time will be calculated. After your upsorb time e.g. 60 days is over you can unstake/emit and claim your stake + reward.
