Superform Labs (UP)

Tokenomics & Utility

Supply and distribution

UP is an ERC-20 token with an initial total supply of one billion. The Foundation’s distribution assigns 40.04% to community and ecosystem programs, 24.59% to the core team and advisers, and 22.17% to strategic partners. Public sales, an airdrop, liquidity provision, and a separate strategic sale make up the rest. Team and strategic-partner allocations have a one-year waiting period followed by monthly vesting over two years. This schedule spreads the release of those allocations over time. (superformfoundation.org)

The supply is capped for the first three years after issuance. After that period, governance can authorize annual new issuance of up to 2%. UP exists on Ethereum and Base through a cross-chain token design. Staking it produces sUP, which gives holders a way to take part in votes on matters such as incentives, protocol settings, and the use of shared funds. Holding the token and staking it therefore serve different roles in governance. (superformfoundation.org)

UP also has an operating role. Vault strategists pay UP for the upkeep needed to update vault prices. Governance has approved fee routing and rewards connected to sUP. Later phases described in the protocol documentation would extend bonding requirements for network roles. Company ownership and protocol voting remain separate: sUP provides a voice in protocol decisions, while UP does not provide company shares. (docs.superform.xyz)