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 ran for three months. Season 2 of their points campaign with enhanced rewards structure and updated earning mechanics.

    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: The new maxiUSR stablecoin vault is now live on Upshift, offering a 15% APY. When you deposit into the vault, you will receive 45x Resolv points and 8x Upshift points.

    Latest Update: Upshift Launches Season 2 Points Campaign

    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

    4. Season 2 Rewards Structure

    • 10x Upshift points for upUSDC deposits on Pendle (currently offering 11.07% APY)
    • 5x Upshift points for deposits to any Upshift vault
    • Additional rewards to be announced

    5. Key Changes from Season 1

    • Points will be harder to earn in Season 2
    • The 1000 point referral bonus was exclusive to Season 1 participants
    • Season 1 rewards will be distributed at the end of Season 2

    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.

    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!

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    Max. Participants

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