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SIP-1 & SIP-2 Implementation

Overview of the first two $UP governance proposals.

Updated this week

Superform has implemented two significant protocol improvements through Superform Improvement Proposals (SIPs) 1 and 2, effective March 9, 2026.

SIP-1: SuperBank REV_SHARE set to 2,000 BPS

The first improvement proposal introduces revenue sharing from SuperBank to sUP stakers. This implementation establishes a mechanism for distributing protocol revenues to users.

The SuperBank revenue sharing model allocates protocol-generated fees to qualifying participants based on their usage and engagement with the platform.

20% of revenue -> Buyback $UP and given to sUP stakers

30% of revenue -> Buyback $UP for foundation treasury

50% of revenue -> Foundation Treasury

SIP-2: SuperVaults Cooldown Timelock

SIP-2 implements a two-week cooldown period for SuperVaults redemptions through the fulfill redeem service v2. This security enhancement requires users to wait 14 days between initiating and completing vault withdrawals.

Implementation Details

The cooldown timelock applies to sUP redemption requests. When users initiate a withdrawal:

1. The redemption request enters a pending state

2. A 14-day countdown begins

3. After the cooldown period expires, users can complete their withdrawal

4. The fulfill redeem service v2 handles the technical execution of this process

Security Considerations

The two-week timelock provides additional security for SuperVaults by creating a buffer period between redemption requests and actual fund transfers. This mechanism helps protect against potential exploits and gives users time to verify their transactions.

Technical Infrastructure

Both implementations required updates to the core protocol infrastructure:

- SuperBank revenue sharing mechanisms

- SuperVaults fulfill redeem service v2 integration

- Cooldown timelock validation systems

- User interface updates to display pending redemption states

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