up is designed to stay efficient in low-volume environments through our gauge cap technology.
Less volume, and therefore fewer fees to be captured? Fewer emissions are emitted, meaning less dilution.
When volume increases on Robinhood, emissions expand to capture fee-generating liquidity, generating revenue for $UP lockers.
upfficiency.
How is up so revenue-efficient?
Gauge caps.
Older ve(3,3)s paid emissions on a schedule, whether a pool earned them or not.
On up, votes set each pool's limit and fees decide how much of it is paid, as they come in. Whatever isn't earned is burned.
up.