> ## Documentation Index
> Fetch the complete documentation index at: https://docs.superform.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# $UP

> The UP token: ownership, staking, governance participation, and planned validator utility in the Superform Protocol.

$UP is the token representing ownership over Superform. Staking it yields sUP, which confers voting power over SuperVault parameters, SuperAsset weights, economic configuration, and SuperVault upkeep participation. Later protocol phases introduce validator bonding and slashing utility for $UP.

Contract addresses for \$UP and sUP across all supported chains are listed on the [Deployment Addresses](/deployment-addresses) page.

## Phases

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