Dashboard
TVL
$3,028,750
Total Staked
$1,815,000
Total Liquidity
$1,213,750
24H Swap
$654,321
📈 UPONLY
Market Cap: $3,005,388
Total Supply: 6,505,170 UPONLY
💦 MILKIT
Market Cap: $2,953,828
Total Supply: 153,724 MILKIT
Rebase Schedule: 0AM UTC
Non-staked UPONLY rebased if below
Closing Price ATH: $1.50
Swap
🔥 Burn:
$154.00
🌱 Mint:
$150.90
Swap Rate: 1 MILKIT = 42.32 UPONLY
Swap Fee: 0.30%
Stake
UPONLY Staking
🛡️ Protected against negative rebase
Staking Reward APY: 27.3%
My Reward: 123 UPONLY + 0.123 ETH
Capacity: 1,073,353 UPONLY (92% reached)
My Stake: 234 UPONLY (363 days left)
MILKIT Staking
⚖️ Benefit from positive rebase
Staking Reward APY: 33.0%
My Reward: 2.34 MILKIT + 23.4 USDT
Capacity: 25,364 MILKIT (89% reached)
My Stake: 3.56 MILKIT (364 days left)
Liquidity
UPONLY-ETH Pool
Liquidity Reward APY: 16.7%
My Reward: 123 UPONLY + 0.123 ETH
Pool Depth: $708,020
24H DEX Volume: $654,321
My Liquidity: $1,432 (Pool Share: %)
MILKIT-USDT Pool
Liquidity Reward APY: 23.3%
My Reward: 2.34 MILKIT + 23.4 USDT
Pool Depth: $505,730
24H DEX Volume: $543,210
My Liquidity: $1,234 (Pool Share: %)
FAQ
What is UpOnly?
UpOnly is a fully algorithmic autonomous open-source dual-token rebase and swap protocol with powerful staking benefits. It features two tokens: UPONLY and MILKIT, working together to create unique price dynamics and opportunities for users.
How do UPONLY and MILKIT tokens work together?
The two protocol-native tokens, negative rebasing UPONLY and positive rebasing MILKIT, are synchronously rebased and inter-swappable with their total supplies always maintaining constant product via the protocol.
How does Protocol Rebase work?
The conditional rebase function is automatically triggered daily (0am UTC) if UPONLY’s closing price is below (1% or more) its ATH closing price. If rebase is triggered, UPONLY’s non-staked circulating supply is reduced by its price drop percentage. Concurrently, MILKIT’s staked-only supply is expanded, regardless of its own price, to maintain constant product of total supplies. Protocol swap and staking-related features are temporarily disabled (0am to 1am UTC) if rebase is triggered.
What is the Protocol Swap feature?
The protocol swap between UPONLY and MILKIT burns the input token and mints the output token. Swap rate is determined by the conversion ratio between the two tokens that maintains constant product of total supplies, including a protocol swap fee (0.3%). For either token, circulating supply reduction by rebase and protocol swaps combined is percentage-capped (20%) for any given 24-hour period: rebase percentage calculation adjusted, and one-way swap temporarily disabled.
How does Protocol Staking work?
For both tokens, the staking benefit primarily stems from the rebases: staked UPONLY is exempt from rebase reduction, while rebase expansion applies only to staked MILKIT. Additionally, staking offers daily claimable distribution of Staking Reward. Users can stake or unstake anytime, with an unstaking fee (0.3%) and unstaking period (7 days) during which staking benefits are forfeited. Collectively, staking pool capacity for each token is capped as a percentage (30%) of their circulating supply. Individual staked positions are automatically unstaked after maturity (365 days) with no wait period or fee.
What liquidity options are available for UPONLY and MILKIT?
Users can provide liquidity to UPONLY-ETH and MILKIT-USDT LP pools on Uniswap. Liquidity providers to these pools earn DEX swap fees (0.3%) and LP Reward distribution.
How is extreme volatility mitigated in UpOnly?
Market dynamics and arbitrage opportunities help stabilize price and supply fluctuations. To further mitigate extreme reflexivity, 24hr token supply reduction (by either rebase or protocol swaps) is limited to a maximum of 20%.
What are the initial token supplies and allocations?
Token allocation: Public Sale 25%, Protocol-Owned Liquidity 25%, Staking Reward 25%, LP Reward 25%. UPONLY and MILKIT have initial total supplies of 10M and 100k, respectively, with no supply cap. Circulating supply is 50% of total supply at TGE and 100% once Rewards are fully distributed. There is no pre-mine, and the protocol has a fair launch.