Superform Labs, New York, NY — April 6th, 2026
When we published our year-end letter, we said that Q1 would be about shipping.
Three months later, the core pillars of Superform are live: our iOS app, the $UP token, and SuperVaults v2.
While the mobile app continues to grow, Q2 is about doubling down on the SuperVault platform, institutional curators, and distribution partnerships.
If you want to see how you can shave years off of an onchain GTM, get more deposits, and earn more, schedule a catch-up and we’d be happy to walk you through our upcoming SuperVaults Institutional platform.
Product Highlights
Mobile App
The Superform iOS app launched globally on February 3. This is a full-service, native mobile experience for earning, swapping, and managing assets onchain. Access for SuperVaults v2 rolled out late March, with the focus now turning to Android, swap, and global expansion.
Download the iOS App in the US, Canada, France, Germany and Australia here.
$UP Token
$UP launched a week after our mobile app, on February 10, with eight exchanges: Coinbase, Kraken, KuCoin, Gate.io, HTX, LBank, MEXC, and Bitvavo. If you haven’t yet, check out our transparency dashboard with real-time staking metrics, our roadmap, holder distribution, token incentives, and a public API.
Staked UP (sUP) was used to pass 4 proposals in Q1:
- SIP-1 — 50% of all protocol fees for UP buybacks with 20% routed to sUP stakers.
- SIP-2 — sUP Emissions cut 50% (1M → 500K $UP/month), unstaking cooldown extended to 2 weeks.
- SIP-3 — UP Only Program rewards now distributed as sUP directly.
- SIP-4 — Quarterly sUP allocation authorized for the FTB club (see community highlights).
We started the $UP buyback program in March utilizing the flywheel approved in the above SIPs to purchase $UP from the open market. View buybacks live on the transparency dashboard.
$UP is omnichain via LayerZero and Stargate OFT. $UP is issued on Ethereum, staked on Base, and bridgeable across chains. Check out Superform on CoinGecko.
SuperVaults v2
SuperVaults v2 launched on Ethereum with three Flagship strategies at the end of 2025: SuperUSDC, SuperWETH, and SuperWBTC. These Flagship strategies use a dual-leg architecture: variable-rate via Morpho/Aave/Euler lending and fixed-rate via Pendle PTs. SuperUSDC and SuperWETH were listed on Pendle shortly after as well.
Four Base vaults followed in early February: SuperUSDC, SuperWETH, SuperCBBTC, and staked UP (sUP). Superform went live inside the Base App last week, making SuperVaults accessible to millions of Base App users. In the two weeks since the launch of the Base Boosted Campaign we have used $10,000 of incentives from Coinbase to grow TVL by over $3M. This was our first major distribution partnership and the template for what Q2 looks like at scale.
The most exciting news, the launch of our curator product, is coming later this month. Growing this platform and establishing it as the non-custodial, institutional execution layer for vaults is the priority of the team this upcoming quarter. Learn more about it in the meantime here.
Community Highlights
ETH Denver
The team was at ETH Denver in force.
- 0xCrouton presented at ETH Denver following up from last year’s presentation on building a community, to rewarding them with airdrops and beyond → https://www.youtube.com/watch?v=B4KOhauZ4B8
- Blake keynoted Multichain Day alongside MetaMask and Beefy Finance → https://www.youtube.com/watch?v=HoE4LR3LP_g
- 0xCrouton presented at HypeFest after Superform deployed on Hyperliquid and demoed at BUIDL (with Dynamic and Fireblocks)
- Vik spoke on a DeFi panel at The Capital Summit on autonomous and omnichain neobanks.
Photo Credit: @xxstevelee
ETH CC
Vik was a moderator at RWA Summit discussing legal, technical, and structural requirements of vaults. Vaults have come a long way through standards that Superform helped pioneer, from ERC-4626 a few years ago, to ERC-7540 now, but there are a lot more things that must be solved to truly bring them mainstream. We will circulate the recording once it is live.
FCUK THE BANKS Club
Our cultural statement. The manifesto went live in March: a declaration about user-owned finance, onchain, on Base. The FTB Club is the community arm, rewarded via SIP-4, and represents the brand energy behind everything we’re building.
- 150,000 UP per quarter is allocated to creators for completing quests, voting in governance, and creating UGC.
- Superform acquired the Piggy brand and memecoin via the PiggyBBQ. On the FTB Club, users can convert PIGGY for Staked UP. Superform now lives and breathes the UP token.
Base App & Boosted Campaign
Superform launched a Mini App in the Base App. Access the best SuperVaults on Base directly from the Base App. Base supported this launch with a boosted yield campaign offering up to 40% APYs and this drove over $3M in new TVL and 582 new users to the Superform Mini App.
- View the campaign
- Check out the Superform AMA on r/Base
- Listen to the Superform & Base X Space
Regulatory Engagement
Since participating in the Crypto Task Force’s roundtable in Miami, Superform has been engaging with the SEC on non-custodial frontends, vaults, and necessary disclosures. You can view our positioning on the Superform app here and we continue to engage as it relates to SuperVaults and the emerging vault landscape.
We are optimistic that outcomes from the Crypto Task Force’s work here will have a positive impact on our industry and we are excited to represent our collective best interests through the Tokenized Vault Foundation.
Looking into Q2
The Q1 playbook: launch the core products. The Q2 playbook: scale SuperVaults.
We’re onboarding curators, securing distribution partnerships, and helping establish legal and regulatory frameworks for non-custodial vaults.
Q2 is the quarter in which the institutional thesis gets proven while we continue to improve the consumer app experience for when Superform goes mainstream.
Vaults are far more than just yield-bearing products and our upcoming SuperVaults platform makes it possible for anyone, from individuals to curators and asset managers, to allocate funds and accept onchain capital.
If you want to see how you can shave years off of a technical onchain GTM, get more deposits, and earn more, schedule a catch-up and we’d be happy to walk you through it in the coming weeks.
