Superform
Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.
Superform SuperVaults and SuperAssets route capital among third-party vaults through manager-configured hooks and cross-chain actions. The protocol API read on 2026-08-15 reported about $17.13M across ten chains, led by Ethereum and Base. Size does not change the mechanism: managers and executable hook bundles determine underlying venues, while ERC-7540 redemptions are asynchronous and depend on strategy, bridge and downstream-vault liquidity. The shared v1 delegated-allocation dossier controls.
- A named product enforces an immutable advisor-selected venue allowlist and per-venue and per-chain caps, publishes continuously reconcilable positions, and prevents manager or hook substitution
- The named product completes a proposed-size ERC-7540 redemption within a documented maximum while including bridge, escrow and downstream-vault settlement under stress
The research file
Mechanism applicability
Superform routes deposits into external vaults, while SuperVaults execute validated hook bundles for deposits, swaps, bridges, loops and other strategy actions. SuperAssets rebalance across multiple SuperVault positions, so the depositor accepts a configurable allocation layer rather than freezing one approved exposure.
Current observation and perimeter
The DefiLlama API read on 2026-08-15 reported approximately $17.13M across Ethereum, Base, Arbitrum, OP Mainnet, Polygon, Avalanche, BNB Chain, Fantom, Linea and Blast, and classified Superform as a yield aggregator. The ten-chain perimeter and its dependencies are relevant to control and exit even though delegated allocation applies regardless of size.
Control and exit applicability
Managers and governance maintain strategy permissions, authorized actions, fees and emergency controls within the SuperVault architecture. ERC-7540 redemptions are asynchronous, with shares held in escrow while requests are queued and fulfilled. Exit depends on strategy liquidity, bridges, redemption fulfillment, PPS validation and downstream vault exits.
Why the class rule decides
The shared v1 delegated-allocation dossier controls at any size because a manager-controlled hook bundle can select, replace or compose downstream venues after the advisor chooses the wrapper. Reopen only for a named product with an immutable advisor-selected venue allowlist, enforceable per-venue and per-chain caps, continuously observable positions, no manager substitution, and a proposed-size asynchronous redemption test that includes bridge, escrow and downstream-vault delays.
Sources
The claims above trace to these. Where a number could not be independently verified, the thesis says so.
- Superform — current documentation · primary · accessed 2026-08-15
Supports: validated hooks, cross-chain actions, SuperVaults, SuperAssets, allocation layer - Superform — v2 periphery contracts and audits · primary · accessed 2026-08-15
Supports: manager controls, strategy permissions, PPS validation, asynchronous redemption, escrow, audit scope - DefiLlama — Superform survey record · secondary · accessed 2026-08-15
Supports: current TVL, ten-chain perimeter, yield-aggregator category, survey perimeter
Inherited controls
The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.
| Chain | Verdict | Grade | Control constraint |
|---|---|---|---|
| Ethereum | Approved | sovereign | No sequencer, no upgrade key, no operator who can be compelled — rule changes require social consensus. |
| Base | Approved · limits | hybrid | Coinbase — one regulated US company — operates the only sequencer, and admin keys can upgrade bridge contracts within ~7 days. |
| Arbitrum One | Approved · limits | hybrid | a single sequencer orders >99% of transactions and admin keys can upgrade bridge contracts on a ~7-day timelock. |
| OP Mainnet | Rejected | hybrid | Ethereum forced inclusion limits sequencer censorship, but the Foundation and Security Council can co-sign an immediate upgrade before a client can exit. |
| Polygon PoS | Rejected | hybrid | a public validator set orders transactions, but a 5-of-9 multisig can instantly upgrade staking and canonical bridge contracts, while a 5-of-8 controls custom child tokens. |
| Avalanche | Approved · limits | crypto-backed | no party can freeze or seize C-Chain funds, but one vendor writes the only production client and Messari measured over a third of stake hosted on AWS. |