$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 with LayerZero OFT's existing on Base deployed at 0x5b2193fdc451c1f847be09ca9d13a4bf60f8c86b and HyperEVM deployed at 0x642fFC3496AcA19106BAB7A42F1F221a329654fe.
UP must be staked on Base, with the sUP vault contract being 0x2c71f70e2Ec720AE061Ae7E0316fC9654d94f417.
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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