MEXC Global and Mars partner for DeFi protocols

MEXC Global, a leading digital asset and cryptocurrency trading platform, has joined forces with stablecoin ecosystem Mars to launch a package of next-generation DeFi protocols, Invezz learned from a press release first published on CoinFi.

The one-stop Yield-as-a-service (YaaS) platform UpDeFi is ready to launch the IDO this month. Participants will be able to experience the best asset security and highest optimized yields.

UpDeFi’s main products are strategies

Fixed investment strategies are defined by a smart contract, which takes advantage of financial products like lending and trading and yield opportunities like transaction, liquidity, and borrowing mining. The ultimate goal is to bring automated and optimal yields to users.

Ensuring a fair launch

There will be neither a presale nor an investor. Only contributors to the UpDeFi protocol will get UP tokens, the community’s governance tokens. The protocol’s auto-compounding strategy has low fees, enabling a higher yield.

UP tokens have high value because of their economic model design. Currently, yield aggregators on BSC do not reward users in tokens. The UpDeFi protocol has an auto compounding strategy and unique yield-enhancing strategies. Therefore, it disposes of a solid, reliable source of revenue.

Holders get 90% of protocol revenue

To apply staking strategies, UP token holders must stake their tokens on UpDeFi. They will receive protocol revenues this way. High token value is ensured.

Contracts audited by PeckShield and CertiK  

In terms of safety, UpDeFi’s contracts have been audited by PeckShield and CertiK, two very well-known security companies in the industry. Once the audit reports are released, the UpDeFi team will share them with community members.

UpDeFi cooperates with legendary bug bounty platform Immunefi, which gives top developers an incentive to further ensure the security of the UpDeFi protocol.

Accessing millions of users worldwide

With this partnership, UpDeFi and other Mars Ecosystem projects can access millions of users all over the world and create a strong community. The exchange will drive the ecosystem and provide it with additional liquidity.

IDO launched on Mars Ecosystem

After UpDefi does the IDO on Mars LaunchPad, it will establish its strategies officially. These come in three categories and are directed towards the Mars Ecosystem and PancakeSwap platforms.

The post MEXC Global and Mars partner for DeFi protocols appeared first on Invezz.