Superform Foundation, Cayman Islands – Nov 24, 2025

The first strategies: SuperWBTC, SuperWETH, and SuperUSDC on Ethereum launch on December 3rd. Many more are coming soon.

Onchain finance is entering a new era. Billions of dollars are moving onchain not just to speculate, but to earn, save, and allocate with the reliability institutions expect and with the transparency only blockchains can provide.

But the vault infrastructure that got us here was never designed for this moment. Today’s vault landscape is colored by two broken extremes:

• Gas-heavy, fully onchain vaults with rigid logic and limited flexibility, slowing iteration and adoption while moving users to cheaper L2s.
• Centralized managed “vaults” that operate offchain with no verifiability, no time-locks, privileged access, and a single trusted party moving funds and reporting performance.

As demand surged for easier-to-launch financial products, new entrants gravitated toward the second category. Products that look like vaults, but aren’t. These centralized “vaults” scaled by cutting corners, abandoning the guarantees that make blockchains valuable, and reintroducing the very structural risks that have cost users billions in crypto and trillions in traditional finance. The cost of capital for our industry is now the highest it’s ever been.

Today we’re excited to introduce SuperVaults v2: the first permissionless, validator-secured, non-custodial vaults designed for institutions, builders, and everyday users alike. SuperVaults v2 create a unified yield layer built on top of Superform Core, our modular, multichain execution infrastructure.

Why We Rebuilt SuperVaults From the Ground Up

Superform v1 pioneered cross-chain deposits, routing, and yield discovery across 1,200+ vaults. It proved substantial demand, over $185M deposited by 150,000+ users, but delivering that flexibility safely inside a vault product required heavy onchain checks and bespoke logic.

v1 revealed a fundamental limitation: flexibility, safety, and usability could not coexist in a single vault framework.

To scale, competitors made a different choice. They removed decentralization altogether:

• No permissionless vault creation
• No onchain price verification
• No timelocks
• No verification of execution
• And often, no onchain strategy logic at all

So we asked: what DeFi guarantees must vault infrastructure preserve if it’s going to serve both institutional allocators, asset managers, and everyday users at global scale?

SuperVaults v2: Verifiable, Institutional Yield Infrastructure

SuperVaults v2 are validator-secured, ERC-7540 vaults powered by Superform Core.

Institutional-Grade Security

SuperVaults enforce safety at every layer:

• Double-Merkle hook allowlisting & blacklisting at both global and strategy levels ensures vaults can only perform pre-approved actions like depositing, redeeming, swapping, and bridging. Everything timelocked, no arbitrary execution, no “manager key” risk, no discretionary movement of funds.
• Clear role separation across Managers, Validators, and Guardians. Managers are split into primary and secondary and set high-level parameters under timelock with the ability to execute the strategy only through pre-approved hooks, Validators attest price-per-share with bonded accountability, and Guardians oversee risk and can veto or pause unsafe changes.
• Validator-signed price-per-share (PPS) with economic slashing and insurance backstops — replacing opaque NAV updates with verifiable, onchain truth the network attests to.
• 7-day timelocks and Guardian veto rights ensure no configuration change or parameter update can happen instantly or out of view.

Efficient and Flexible

SuperVaults are engineered for scale:

• Native ERC-7540 compliance enable efficient, async flows for low-cost deposits & withdrawals as well as onchain composability.
• The SuperBundler supports cross-chain deposits across 8+ networks with a single signature.
• Access any yield source using the modular hook engine. Strategies now evolve as markets do, without redeployments or protocol upgrades.

Radical Transparency

Depositors don’t have to trust, they can verify:

• A live transparency dashboard surfaces allocations, caps, validator signatures, and performance in real time.
• PPS can be recomputed by anyone, onchain or offchain with circuit breakers that pause abnormal behavior automatically.
• All underlying protocols can continuously be monitored and allocated out of for exploit vectors and governance risk.
• Open-source and built with permissive Apache licenses

Aligned Incentives

Depositors have hard-coded alignment into the system:

• Management fees can be taken for managers to subsidize the cost of operating a strategy.
• Performance fees apply only on realized yield.
• Validators and strategists stake $UP for economic accountability.

The First SuperVaults: SuperWBTC, SuperWETH, and SuperUSDC on Ethereum

To showcase the full power of the SuperVaults v2 infrastructure, we’re launching three flagship strategies: SuperWBTC, SuperWETH, and SuperUSDC on Ethereum. These are institutional-grade vaults that combine variable-rate lending with fixed-rate term exposure in a single, liquid, and dynamically managed portfolio.

Leg 1 — Variable-Rate Lending (Morpho, Euler, Aave)

A liquid, low-volatility foundation that supports redemptions, captures stable variable yield, and provides dry powder for opportunistic rebalancing.

Leg 2 — Fixed-Rate Pendle PT Exposure

The vault accumulates Pendle Principal Tokens (PTs), locking in fixed rates over 60–90 day maturities and capturing DeFi’s consistent term premium.

Dynamic Allocation Framework

Exposure across the two legs adjusts automatically based on redemption activity, term-market dislocations, PT liquidity conditions, and predefined onchain risk parameters.

Every price-per-share update is published onchain, signed by a validator quorum, backed by economic slashing, and overseen by Guardians with circuit-breaker authority.

This is safely managed, high-yield execution with full verifiability — not custodial black-box management.

The Road to $1B in Deposits

These vaults are just the beginning. More are coming soon across new stablecoins, blue-chip assets, and chains. But the real power of SuperVaults v2 isn’t vaults we launch, it’s vaults others will.

SuperVaults turn yield into a public good: issuers get standardized, battle-tested infrastructure to launch and scale products globally from day one, and users access everything with a few taps.

Builders focus on strategy. Superform handles security, execution, validation, and distribution.

Over the next few months, Superform will:

• Launch a real-time transparency dashboard across all SuperVault allocations
• Onboard partners to manage their own vaults
• Expand the validator set powering SuperVaults

Welcome to SuperVaults v2. Launching Dec 3rd, 2025.

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