SuperPools: Chain Abstracted Yield Introduced

🌉 Bridging yield gaps

By Superform
Jun 27, 2024, 6:07 PM
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Superform has introduced SuperPools, a new feature enabling users to access Layer 1 (L1) yield on Layer 2 (L2) networks at significantly reduced costs.​ SuperPools are liquidity pools containing ERC20 SuperPositions of vaults from any chain, allowing users to swap into L1 yield on any chain.​ This innovation aims to solve the issue of expensive yield access on Ethereum, with SuperPool transactions costing as little as $0.​01 compared to traditional cross-chain deposits that can cost $25-$80.​ The system offers instant access, permissionless pool creation, and is designed to improve DeFi user experience by simplifying cross-chain yield management.​ Superform has launched its first SuperPool with a USDC Morpho vault on Ethereum, tokenized on Arbitrum.​

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Superform v2 Public Testnet Launch

Superform v2's public testnet is now live, marking a significant milestone in their development roadmap. Key updates: - Desktop app available for testing at [testnet.superform.xyz](http://testnet.superform.xyz) - Mobile testnet and earn features are operational - Apple Testflight approval secured - Swap functionality coming soon **Bug Campaign Opportunity:** - Active bug hunters can gain Day 1 mainnet access - Submit findings via the [bug report form](https://docs.google.com/forms/d/e/1FAIpQLSfvDT_173XjXf8bATBp4ZhhUlU_B7kF-b7eZ1QEGdCCxnwTEA/viewform) Access the [Testnet Portal](https://superform.notion.site/Superform-Testnet-Portal-23735672200c80459f31d8b55ce421f3) for feedback and feature requests.

SuperUSDC Leverage Feature Now Live on TermMaxFi

SuperUSDC Leverage Feature Now Live on TermMaxFi

SuperUSDC introduces a new leverage feature through TermMaxFi, allowing users to amplify their yield potential: - Users can deposit SuperUSDC or Pendle PT-SuperUSDC as collateral - Borrow USDC against collateral - Swap borrowed USDC for more SuperUSDC - Potential to earn up to 113% APY with maximum leverage *Note: Higher leverage comes with increased risk* This launch follows recent SuperUSDC market expansions on Spectra Finance and Napier Finance, where users can earn fixed rates and POINTS multipliers.

SuperETH Integrates Yearn's OG WETH Vault via Morpho Labs

SuperETH has expanded its yield sources by integrating Yearn Finance's OG WETH vault, deployed on Morpho Labs. The vault features automatic market optimization through Yearn's proprietary algorithm. Key updates: - Integration of Yearn's OG WETH vault - Automatic cross-market optimization - Curated by Yearn's expert team - Available on Morpho Labs platform The vault can be accessed at [Superform](https://www.superform.xyz/vault/kgmkhoFBBL4QX5ZBPaeIH/) This follows the recent optimization of Yearn's OG DAI vault on Morpho Labs, demonstrating continued innovation in DeFi yield optimization.

SuperUSDC Integrates Steakhouse Level USDC Vault

Level has launched a new USDC vault in partnership with Steakhouse Financial, powered by Morpho. Key features: - Vault exposure fully allocated to lvlUSD, slvlUSD, and Pendle PTs - Depositors earn lending yield + 5x Level XP boost - Backed by Steakhouse ($500M+ TVL curator) - Built on Morpho with decentralized risk across multiple curators - Protected by 650 lines of audited smart contracts The vault aims to strengthen the Level ecosystem while maintaining capital efficiency and transparency. [Access the vault on Superform](https://www.superform.xyz/vault/1Bobjyw7qZKScK2zTluFv)

Spectra Finance Launches New SuperETH Market with Enhanced Yield Options

Spectra Finance has introduced a new SuperETH market offering multiple earning opportunities: - **Principal Token (PT)**: Fixed 11.77% APY on ETH - **Yield Token (YT)**: 35x yield amplification + 50x POINTS rewards - **Liquidity Provider (LP)**: Up to 9.78% APY + 50x POINTS This launch represents an upgrade from their February market, which offered 10.5% fixed yield and lower multipliers. [Explore the new market](https://app.spectra.finance/pools/eth:0x6b6e36e0516b3020dff0edd01fe90c18774de709)

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