Upshift: Participate in the Yield Strategy Airdrop

Overview of Upshift

Upshift is a yield strategy management platform that allows users to deposit assets into pre-designed vaults. These vaults automatically deploy assets into DeFi strategies that generate returns, such as overcollateralized lending or partnerships with reputable DeFi entities.

Upshift is built on the infrastructure of August Digital, a DeFi protocol serving institutions, with monthly trading volumes exceeding $7 billion. Thanks to this integration, Upshift offers individual users access to investment strategies typically reserved for industry professionals.

Upshift’s Core Products

Upshift focuses on developing three key products to help users and investors maximize returns in the DeFi space:

Upshift Lend: Secure DeFi Lending and Borrowing

Upshift Lend provides overcollateralized loans, reducing risk for lenders by requiring collateral that exceeds the loan value.

Loans follow institutional-grade safety standards, including identity verification and strict risk monitoring, while remaining accessible to individual users.

     • Borrowers must complete KYC/KYB verification to minimize credit risk.

    • Lenders can participate in pre-structured loans with transparent blockchain-based terms, such as collateral ratios, asset types, and interest rates.

    • Assets used in Upshift Lend are primarily high-safety assets like USDC or BTC, with average APYs ranging from 2% to 7%, depending on asset type and market conditions.

Upshift DeFi Yield: Passive Income from DeFi

Designed for individuals seeking passive income from DeFi without managing complex strategies.

Users simply deposit assets into pre-built vaults.

Vaults automatically allocate funds to curated yield strategies, mainly managed by reputable financial partners or investment funds.

Highlights:

    • Vaults are transparent and non-custodial, allowing users full control over their assets.

    • Upshift helps users avoid technical risks, liquidity issues, and the need for deep DeFi knowledge.

    • Currently, the highest APY in Upshift’s DeFi Yield vaults reaches 30%, via INJ (Injective) tokens, managed by MNNC Group. However, APYs can change rapidly, so users should monitor updates on the platform.

Vault-as-a-Service (VaaS)

VaaS is a solution for DeFi projects or protocols needing to quickly integrate yield products into their ecosystem. Instead of building and managing yield strategies themselves, projects can leverage Upshift’s VaaS offering.

 Upshift handles:

     • Strategy optimization

     • Capital allocation management

     • Risk control and regulatory compliance

All operations are transparent, secure, and non-custodial, helping projects save time and resources while offering yield products to their users.

How to Join Upshift’s Airdrop Program

Upshift is running a points-based program where users can participate and potentially receive airdrops. Here’s how to join:

Visit Upshift’s website and connect your wallet. Supported wallets include MetaMask, WalletConnect, Coinbase Wallet, etc.

After connecting, prepare supported assets like rsETH, USDC, or LBTC to deposit into vaults.

Choose a feature to participate in, such as lending or vaults. Each feature offers different point rewards based on participation level and risk appetite.

In the early phase, Upshift is offering 5x bonus points for users who deposit assets before the platform’s total value locked (TVL) reaches $750 million.

Founding Team and Financial Backing

Upshift is developed by the team behind August. The project was co-founded by Alexandre Elkrief and Aya Kantorovich.

Alexandre previously managed a DeFi hedge fund and built infrastructure for over 15 blockchains.

Aya is a founding member of FalconX, with extensive experience in brokerage and crypto.

Although Upshift hasn’t raised independent funding, it is financially and infrastructurally supported by August, which successfully raised $16 million from funds like Dragonfly, Hack VC, Robot Ventures, and 6MV.