The Mars Ecosystem IHO project: UpDeFi is about to launch on Mars Ecosystem

6 min readMar 17, 2022

Dear Hitchhikers of Mars Ecosystem,

We are proud to announce that Mars Ecosystem will officially launch IHO on Mars Ecosystem with UpDeFi, the ultimate Yield-as-a-Service(YaaS) Platform. With our IHO date approaching fast, we find ourselves counting down the hours until launch. Prepare yourself to get ready for our UpDeFi IHO on Mars Ecosystem’s launchpad on the 21st of March 2022.

On top of that, UpDeFi’s strategies and farms are prepared to launch on the SAME DAY as the IHO! $XMS, $USDm, and $Cake holders will be the first ones to start mining and enjoy the relatively high APR! 78% of the total supply of UP tokens will be distributed through UpDeFi’s fair launch with a distribution period of 2 years. And nearly 40% of this “distribution period” will be finalized to the early participants within the first 4 months. In a word, the earlier a user participates in the UpDeFi protocol, the more rewards they can get!

Regarding our IHO, those who wish to participate will be required to use $XMS in order to purchase $UP. All the raised $XMS will be burned immediately after the completion of the IHO.

We are ready to take off! Make sure to get $UP before your friends do!

⭐️ The IHO Details：

UP IHO Time: 12:30 UTC — 13:30 UTC, March 21
UP Total Supply: 1 Billion
UP IHO Allocation: 2%
UP IHO Amount: 20 Million UP
UP IHO Raise Token: XMS
UP IHO Price: 0.045USD per UP, 1.5 XMS per UP
Chain: BNB Chain (BEP-20)
UP Vesting Schedule: Purchased UP will be released via 90 days linear vesting on a block-by-block basis. The vesting will start around 14:00 UTC on March 21.

All the raised XMS in IHO will be burned immediately after IHO.

UpDeFi’s strategies and farms will also launch around 14:00 UTC on March 21st. 78% of the total supply of $UP tokens will be distributed through our fair launch. The distribution of UP tokens will gradually decrease within the 2 year period. As we said before, the earlier you are in, the more returns you will receive.

For more details of UpDeFi’s Tokenomics, please check the whitepaper: https://docs.updefi.finance/protocol/tokenomics

⭐️ Early Bird Benefits: High APR for $XMS, $USDm, $CAKE holders & IHO participants

UpDeFi is a fair launch project with no pre-sale, no investor, and no pre-mine. 78% of the total supply of UP tokens will be distributed through their fair launch, which includes Liquidity Mining, Airdrops, etc.

UpDeFi’s strategies (fixed investment strategies defined by a smart contract) will officially launch on the 21st of March. UpDeFi’s first released strategies include three types of strategies relating to both the Mars Ecosystem and PancakeSwap platforms.

On the 21st of March, $XMS, $USDm, and $CAKE holders will be able to enjoy the HIGH APR once the strategies are launched! All IHO participants can start to claim part of their $UP on the same day of the IHO. Therefore, all IHO participants can also start to earn high yields by staking $UP. Don’t forget what we mentioned above: the APR will be extremely high in the early stage, the earlier you are in, the more returns you will receive.

So, we all know that users can enjoy a relatively high APR from the day UpDeFi is launched, let’s talk about the rewards users can get: $UP.

The UP tokens rewards are subject to vesting. UP token holders can participate in UpDeFi protocol’s governance or simply stake UP tokens to earn protocol revenue. UpDeFi allocates 90% of the protocol revenue to UP token holders. This economic model design ensures the high value of UP tokens.

Integrations with other protocols and innovative strategies are part of our plan to give our users more profitable yield opportunities. On account of this, we can ensure that UpDefi’s TVL, protocol revenue, and UP token can attain long term sustainable growth.

⭐️ Why UpDeFi?

As a one-stop Yield-as-a-service (YaaS) platform, UpDeFi strives to meet all users’ needs with the best asset security and highest optimized yields. Better yet, the combination of Yield-enhancing strategy and UP-staking strategy distinguish UpDeFi from traditional yield aggregators, which greatly reduces the selling pressure of earned tokens and enables users to obtain higher returns that the auto-compounding strategies cannot bring. What’s more, projects will be able to pay the minimum capital cost to obtain maximum liquidity and user attention by improving the capital efficiency they produce through their incentive programs.

With their unique yield-enhancing strategies, UP-staking strategy, and auto compounding strategy, UpDeFi protocol enjoys a lasting and robust source of revenue. Remember, 90% of the protocol revenue will be allocated to UP token holders. By simply staking UP tokens in UP-staking strategies users will be able to receive protocol revenues without worrying about the depreciation of UP tokens as the economic model design ensures the high value of UP tokens.

⭐️Security and Audits:

Security is one of UpDeFi’s core values. and UpDeFi’s contracts have been audited by well-known security companies in the industry, CertiK, and PeckShield.

One thing worth mentioning is that Mars Farms has never been attacked and has one of the highest security scores on the BNB Chain. UpDeFi has absorbed Mars Farms’ successful mechanisms and experience. The Mars team has also provided the UpDeFi team with great advice during their product development process.

UpDeFi CertiK Audit Report: https://github.com/up-defi/up-resource/blob/main/audit/Certik-Audit-Report-UpDeFi__final-20220303T021017Z-1646278412677.pdf

UpDeFi PeckShield Audit Report: https://github.com/up-defi/up-resource/blob/main/audit/PeckShield-Audit-Report-UpDeFi-v1.0.pdf

⭐️ Ready to lift off into the new DeFi future?

Strategies are UpDeFi’s main product. The yield strategies currently provided by the UpDeFi platform include the following categories:

1.Auto-compounding strategies

UpDeFi’s auto-compounding strategy has low fees so that users can receive a higher yield.

What’s more, users of UpDeFi’s auto-compounding strategy can not only earn UP token rewards but also the economic model design of UP tokens determines the high value of UP tokens.

2. Yield-enhancing strategies

Yield-enhancing strategies use the native UP token of the UpDeFi protocol as a bridge for yield realization, which prolongs the yield release time of the underlying yield protocol, greatly reduces the selling pressure of earned tokens, and enables users to obtain higher returns that the auto-compounding strategies cannot bring.

3. UP-staking strategies

The UP-staking strategy directly distributes the UpDeFi protocol revenues to the UP token holders.

⭐️ UpDeFi partnership programs

Yield Enhancement Program

The Yield Enhancement Program is designed to help any protocol and DAO treasury to enhance their yields by using UpDeFi’s yield strategies.

Any protocol and DAO treasury that integrates with UpDeFi’s yield strategies can receive up to 50% of the UpDeFi protocol revenues generated by their contributing TVL.

UP Incentive Program

The UP Incentive Program is designed to help incentive programs (such as liquidity mining programs, transaction mining programs, borrowing mining programs, etc.) of high-quality projects to improve its capital efficiency and pay the smallest capital cost to obtain the greatest liquidity and user attention.

If you would like to become an UpDeFi partner, please contact the UPDeFi Team! (BD contact: olivia@updefi.finance)

On a final note — further information on how UpDeFi and Mars Ecosystem community members can leverage launching projects on Mars Ecosystem will arrive soon, so stay tuned! In order to stay up to date, make sure to follow both our social media channels and receive early access information and more.

For more details, please check the official useful links:

🔗UpDeFi Useful links:

📈Dapp: http://app.updefi.finance/

📙Whitepaper: https://docs.updefi.finance/

🐦Twitter: https://twitter.com/UpDeFiUp

📝Medium: https://medium.com/@updefi_52681

🤖Discord:https://discord.gg/dDyRjss7va

👪Reddit: https://www.reddit.com/r/UpDeFi/

✉️BD Email: olivia@updefi.finance

🚀Telegram Channel:

⭐️Announcement: https://t.me/updefi_announcement

🌟English: https://t.me/UpDeFiUp

🌟中文：https://t.me/UpDeFi_CN

🌟Español：https://t.me/UpDeFi_ES

🌟Italiano：https://t.me/UpDeFi_Italia

🌟Tiếng Việt：https://t.me/UpDeFi_VN

🌟Bahasa Indonesia：https://t.me/UpDeFi_IDSA

🌟Português：https://t.me/UpDeFi_PT

About Mars Ecosystem

The BSC MVBIII Monthly Star — Mars Ecosystem is the 1st stablecoin Defi Ecosystem, which has successfully raised $2 million in seed funding from Continue Capital, etc.

Mars Ecosystem’s smart contracts are audited by the best security auditors in the world: Certik and SlowMist. And offers a Bug Bounty with DeFi’s leading bug bounty platform, Immunefi.

🔗 Mars Ecosystem Useful links:

📙 Whitepaper

📈 DAPP

🌎 Website

🐦 Twitter

📸Instagram

🎬 Youtube

🤖 Discord

📝 Medium

👪Reddit

👾 Join our community

🌟 English Telegram: https://t.me/mars_ecosystem