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Binance Sign Up Promotion

Upshift

What is Upshift?

Upshift is a yield platform that provides users with access to DeFi strategies managed by established funds in the cryptocurrency space. The platform operates on a non-custodial basis and is built on top of August Digital infrastructure. Upshift aims to create a more accessible environment for users seeking institutional-grade yield opportunities without the traditional barriers to entry.

The platform was spun out of August, which secured $10 million in funding in a round led by Dragonfly. Upshift has also undergone comprehensive security audits by reputable firms including ChainSecurity, Zellic, and Sigma Prime.

Upshift Airdrop Details

Upshift has launched a points campaign that rewards users for participating in the ecosystem. Season 1 of the points program began on April 1 and will run for three months or until the platform reaches $1 billion in Total Value Locked (TVL). This points distribution system creates an opportunity for early adopters to maximize their potential rewards, as points distribution will decay over time.

The campaign focuses primarily on growing Upshift’s TVL and enhancing the composability and utility of vault receipt tokens. Points earned during this campaign may potentially lead to future token allocations, although this has not been explicitly confirmed by the Upshift team.

Latest Update: Upshift is celebrating all-time BTC highs by doubling incentives on the Mezo BTC Pre-Deposit vault until the vault hits 20m TVL or May 26, 2025, whichever comes first. Users can now earn 10x Upshift points and 2x Mezo mats when depositing tBTC, cbBTC, or wBTC.

Step-by-Step Guide:

How to Earn Upshift Points

1. Connect Your Wallet to Upshift

  1. Visit the official Upshift points campaign page
  2. Click on the “Connect Wallet” button in the top-right corner
  3. Select your preferred wallet provider

2. Prepare Your Assets

  1. Ensure you have one or more of the supported assets in your wallet:
    • rsETH
    • cbBTC
    • LBTC
    • USDC
    • wstETH
    • WETH
    • USDT
    • Other compatible assets
  2. If you need to acquire these assets, you can purchase them from Binance or bridge them using Rhino Bridge

3. Deposit Assets into Upshift Vaults

  1. Head to the “Vaults” section on the Upshift platform
  2. Browse available vaults based on your preferred asset
  3. Select a vault to deposit into
  4. Enter the amount you wish to deposit
  5. Confirm the transaction in your wallet
  6. Wait for transaction confirmation
Recommended Vaults
  • Hyperbeat’s Ultra HYPE vault for exposure to points from Hyperliquid ecosystem projects (Hyperbeat, HyperLend, Hypurrfi, and HyperSwap) and 5x Upshift points
  • Hyperbeat’s Ultra uBTC vault for exposure to Hyperliquid ecosystem projects (Hyperbeat, HyperLend, Hypurrfi, HyperSwap and Unit) and 10x Upshift points
  • Upshift TAC USR vault for Resolv points, Tac points and 5x Upshift points
  • Lombard LBTC vaults for 3x Lombard Lux, Babylon points and 5x Upshift points
  • Multipli Upshift USDC vault for Tac points and 5x Upshift points

4. Earn Boosted Points with Early Deposits

  1. Deposit your assets before the total Upshift TVL reaches $750 million to earn a 5x points multiplier
  2. Note that approximately $250 million of this TVL cap has already been filled during the beta stage
  3. Any deposits made prior to April 1 that haven’t been withdrawn automatically receive the 5x bonus multiplier

5. Share Your Referral Link

  1. Go to the Points page to get your unique referral link
  2. Share with friends and invite them to upshift to earn 1 point for every 10 points they earn
  3. You will both also receive a bonus of 1000 points upon their first deposit

6. Monitor Your Points Balance

  1. Check your points balance regularly on the Upshift dashboard
  2. Look for new missions or opportunities to earn additional points

Frequently Asked Questions

What are Upshift points used for?

Upshift points serve as a measure of participation in the ecosystem. While not explicitly stated, these points may potentially contribute to future token allocations or governance rights within the Upshift ecosystem.

How long will Season 1 last?

Season 1 began on April 1 and will last for three months, or until Upshift reaches $1 billion in TVL, whichever comes first.

Will there be additional ways to earn points?

Yes, Upshift has indicated that as Season 1 develops, there will be additional multipliers added across vaults and yield opportunities. Users are encouraged to check back regularly for new missions and ways to earn points.

Conclusion

Upshift offers an opportunity for DeFi users to earn points through participation in their yield platform. By depositing assets into their various vaults, particularly before the TVL reaches $750 million, users can maximize their point earnings with the 5x multiplier.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

Don't forget to follow us on Twitter, Telegram, & Facebook and subscribe our newsletter to receive new airdrops!

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