What are SuperVaults v2?
SuperVaults v2 are automated yield vaults that generate returns by deploying your assets across established DeFi protocols. You deposit into a SuperVault through the Superform app (which supports depositing from any asset on any supported chain), and the vault handles the rest — finding yield, rebalancing, and compounding on your behalf.
SuperVaults are non-custodial. No one — including the Superform team — can access or move your funds outside the rules enforced by the vault's smart contracts.
How do SuperVaults generate yield?
Each SuperVault runs a strategy tailored to its underlying asset. The current flagship SuperVaults use a two-part approach:
Variable-rate lending — Vault assets are deployed into established lending markets (like Morpho vaults managed by Gauntlet, Steakhouse, and others). This provides steady, liquid yield.
Fixed-rate positions — A portion is allocated to fixed-rate opportunities through Pendle, capturing additional yield from term premiums. These positions are laddered across different maturities to manage liquidity.
The vault automatically rebalances between these components based on market conditions, redemption activity, and available opportunities.
SuperVaults v2 are designed to be flexible — the architecture supports a wide range of strategies beyond variable-rate and fixed-rate combinations. As the protocol grows, expect new vaults with different strategy profiles to be introduced.
Deposits
Deposits are processed quickly. You can deposit from any supported chain using any supported asset, and your deposit is routed into the vault's active strategy. You'll start earning yield immediately upon deposit confirmation.
Withdrawals
SuperVaults use the ERC-7540 standard for asynchronous withdrawals. Here's what that means and why it matters.
Why are withdrawals asynchronous?
Asynchronous withdrawals unlock several benefits:
Access to higher-yielding strategies — Many of the best DeFi yield sources are themselves asynchronous. By supporting async withdrawals, SuperVaults can allocate into these opportunities rather than being limited to instantly-redeemable positions.
Lower costs through batching — Withdrawal requests are batched together, meaning transaction costs are shared across users rather than each withdrawal paying full gas individually.
Better pricing — The vault can unwind positions in an orderly way rather than force-selling at unfavorable prices to meet instant redemption demands.
How withdrawals work
You submit a withdrawal request. Your price-per-share (what you're owed) is locked at the time of request — you won't be affected by price changes during processing.
The vault processes your request. Depending on available liquidity and the vault's current allocations, this happens automatically.
You claim your funds. Once processed, your assets are available to claim.
Withdrawal processing times
Processing times depend on the vault's current strategy allocations and market conditions:
Scenario | Expected time |
Normal conditions (sufficient liquid positions) | Less than 1 hour |
Large withdrawals (significant portion of vault assets) | 1–24 hours |
Illiquid positions need unwinding | 1–3 days |
Stress conditions (low market liquidity or heavy allocation to illiquid positions) | 7+ days |
In most cases, withdrawals process quickly. However, vaults with heavier allocations to illiquid or fixed-term positions may take longer to process large redemptions.
Why might a withdrawal take longer?
Longer processing times occur when:
Many users withdraw simultaneously — If redemption requests exceed the vault's available liquidity, it needs time to unwind positions in an orderly manner.
Illiquid positions need to be sold — Rather than selling at a loss, the vault may wait for better liquidity conditions. This protects all depositors from unnecessary slippage.
Market stress — During periods of low DeFi liquidity, unwinding positions takes longer. The vault prioritizes protecting your principal over speed.
In all cases, your withdrawal amount is locked at the time of your request. Delays only affect when you receive your funds, not how much you receive.
Claiming your withdrawal
How you claim your funds depends on your wallet setup and whether auto-claim is enabled (it's on by default).
Setup | Auto-claim ON (default) | Auto-claim OFF |
Embedded wallet | Fully automatic — just wait, funds arrive once processed | Claim from the Queue tab on the portfolio page once processed |
Companion account | Claim from the Portfolio page once processed | Claim from the Queue tab on portfolio page, then claim from your portfolio page |
Auto-claim ON (default):
Embedded wallet — The simplest experience. After submitting your withdrawal request, just wait. Your funds will be delivered automatically once the vault processes the request.
Companion account — Once the withdrawal is processed, head to the Portfolio page to claim your funds.
Auto-claim OFF:
Embedded wallet — Go to the Queue tab after the withdrawal is processed and claim your funds from there.
Companion account — Go to the Queue tab to claim, then claim from your companion account as a second step.
Withdrawal protections
Price locked at request time — You receive the value calculated when you submitted, regardless of processing time.
No fire-sales — The vault won't sell positions at excessive slippage to process withdrawals faster. Your principal is protected.
Automated fulfillment — As positions mature or liquidity becomes available, proceeds are automatically used to fulfill pending withdrawals.
Security
SuperVaults v2 are secured by multiple layers:
Multiple independent audits — Reviewed by Spearbit, Cantina, NodeSec, Getrecon, 0xMacro, and independent auditors. View audit reports.
Validator-signed accounting — Price-per-share values are independently verified by validators who stake capital as collateral. If they report incorrectly, they're economically penalized.
Role separation — No single party controls the vault. Managers, validators, and guardians each have distinct, limited permissions.
Timelocked parameter changes — Material parameter changes require a timelock period (duration varies by strategy), giving guardians time to veto harmful changes.
Circuit breakers — Anomaly detection can automatically pause vault operations if something unexpected occurs, protecting depositor funds.
Real-time monitoring — Continuous protocol monitoring detects anomalies and can trigger automatic safety measures.
Frequently asked questions
Can I lose money?
As with all DeFi protocols, risks exist including smart contract vulnerabilities, stablecoin depegs, and market liquidity events. SuperVaults are designed to minimize these risks through diversification, audits, and conservative position management, but they cannot be eliminated entirely. See our risk disclosures for full details.
Is there a lock-up period?
No. You can request a withdrawal at any time. There is no minimum holding period.
How can I track my vault's performance?
The Superform app displays your current position value and price-per-share (PPS) over time, so you can see your position growing. A live transparency dashboard also shows vault allocations, validator signatures, and risk metrics.
Who manages the vault strategy?
Strategy is executed by approved managers operating within strict onchain parameters. Guardians can veto any changes, and validators independently verify vault accounting. No single party has unilateral control.