$UP
Introduction
UP is the token representing ownership over Superform; it is used to pay upkeep to run vaults, must be bonded by managers and can be slashed, and staking it yields sUP which confers voting power over SuperVault parameters, SuperAsset weights, and ability to set economic configuration.
The canonical UP token is deployed on Ethereum mainnet at 0x1d926bbe67425c9f507b9a0e8030eedc7880bf33 and 15% of supply has been bridged to Base as a LayerZeroOFT, deployed at 0x5b2193fdc451c1f847be09ca9d13a4bf60f8c86b.
Phases
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
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