Phases
| Phase | Milestone | New $UP utility |
|---|---|---|
| 0 | Open Access | Initial set of protocol params |
| 1 | SuperVault launch | Strategist upkeep burns; validator‑secured PPS |
| 2 | Validator decentralization | Bond $UP to join sets with slashing |
| 3 | SuperAsset launch | Voting on SuperAsset composition |
| 4 | Bundler decentralization | Bundlers may bond $UP in a similar fashion to validators |