How Superform Is Building the Ethereum Alternative to High-Yield Savings

Transcript

All [Music] right. Hey everybody, my name is Vicram. Um, one of the co-founders of Superform and excited to share the new Superform with you all today. Let's talk about yield first though. Um we've done a bunch of stuff in DeFi over the last four years that at this point we've recreated practically everything we could have out of tradi and starting at this you know yield infrastructure level um to set the stage we have fixed income markets uh in the real world um which are hundreds of trillions of dollars and those are correlated to uh

basic yield generating protocols in DeFi. We have lending borrowing protocols. We have Morpho, Oiler, a um we have RWA protocols, Onondo and Superstate. And then we also have staking protocols um like Lido um and multiple other uh for restaking. And collectively this is now you know effectively the uh risk-free rate or just the rate of yield that anyone can earn um across chains and across D5 protocols. On top of this, um, to make it easier for users to access, um, and manage their wealth on chain, um, we've created this, uh, vault middleware between, uh, between the actual protocol and the user. Those are in Tradfi known as wealth managers. It's a tr couple

trillion dollar industry right there. And we have multiple vault frameworks. Um, some of which have existed in the form of yield aggregators and more recently in terms of actual um, onchain financers like vault managers that can do a little bit more. Um and in the in the trady world, those wealth managers were massively disrupted by new technology in the form of ETFs. Those ETFs are now multiples of the size of any uh of your financial advisors. And those same things are now being recreated in DeFi um through tokenized uh indexes and other products that can be built on top of those on top of those vault frameworks. And at the very top of all of this come distribution frontends.

Uh in the trady world we have brokerages. Uh but eventually as you know we all saw this week with uh with Robin Hood um the distribution front end becomes something that I think is shared between both of these uh both of these groups. And uh typically in crypto it's been Coinbase, Robin Hood and uh now I'm about to show you uh what Superform does uh on distribution as well. So, enough of the slides. Let me see how I can get this demo up. All right.

So, the SuperFform app is a crossplatform app across both iOS, Android, and desktop. And I'll be showing you guys how this works for a new user on boarding for the first time on mobile, downloading the app on the app store and setting up an account and everything um from scratch. Let's see if this fixes it. Yep. Okay. All right. Maximize. It's not going to do that.

Okay. We'll look at it like this. Okay, so I have the superform app downloaded. I'm going to open this up. Great. Um, so these are all familiar login methods that uh you guys have all seen before. Um, you can continue with email. You can log in with uh Apple account, Google account, pass keys. Um and whenever you do, you get set up with a um ERC7579 smart account which is uh created through by economy by economy nexus.

And great, this is my portfolio. This is the homepage. I can see my portfolio over the last week, um month, year. uh don't remember what I was holding, but I'm glad it went up. Um and then the core part of the app is that we have assets that are termed as earning and not earning because uh there's so many assets that are just uh you know, USDC, ETH, whatever it might be, but they actually could be in DeFi earning, you know, four or five, 6% depending on what the um on what the pool is. and distinguishing uh those assets I think is you know where crypto wins is by being able to

make assets productive. Um so you can see I'm currently earning on my on my wheat right now. If I click on this uh I have assets in super ETH and uh you know this uh this uh a pool. Let's actually try making a deposit. So if I see not earning here um these are all the APYs for this stuff. Looks like I can earn on my USDC right now. So if I click on this, I can view uh all the all the vault opportunities that are actually for USDC. But actually there are thousands of opportunities generally on Superform, but the mobile app kind of uh combines this into the most popular opportunities um that users have have really liked. So let's uh

let's see what the highest APY is right now. This looks pretty this looks pretty nice. 6.9% on my USDC. So, I'm paying with USDC coin. Um, I can open up the asset selector tab. See, I have, you know, this chain abstracted USDC balance of 8.5K. It's on Ethereum base optimism. I can also deposit USDT if I wanted to. But let's just, you know, keep it uh keep it to this USDC. Maybe actually, I don't want to use my optimism balance. Let's uh let's just do that. Okay.

Uh, and then let's deposit $200. And what's going on underneath the hood? I'll actually show you guys um whenever the transaction goes through, but we'll look at it in uh intenderly. But um I can do this and then all it is is a single signature. This could be crosschain. It could be for any action. Um, this is actually going to be I think this was a same chain deposit, but it would have been the same just a single signature for a crosschain deposit.

Let's make that signature. And boom. Um, so we deposited $200 into Super USDC. Now, let's look and see what exactly happened here. Uh, I think this was on Ethereum. Yep. This is it. Let me maximize this. Okay, conference Wi-Fi.

Um, try it again. Sure. Yeah. Uh, do you say relay? Do you do relaying yourself? You know, like batching and everything. Yeah. Um, so I could have deposited into multiple transactions, but it's actually into multiple vaults. Um, they're batched through ERC 437 user ops. Yeah. Um, so you'd be able to one single signature on one chain and you could deposit into multiple. You could also do stuff with the deposited assets, stake, whatever

you'd like. Okay. Um, so yeah, this is the transaction. I'll just um briefly go through exactly what's going on here. Um we have the you know initial message sender here which um uh is whoa what's going on. Okay. Um so our user uh sends those user ops um to our bundler which is ordering hooks um which can be created in superform core. They could be for approving depositing looping staking whatever. Uh and then the user ops are executed by ERC7579 modules in the smart account. Um so there's like an exeutor, there's a validator, all this stuff. Uh I won't go

too into it. Uh but if we were to look at the most important parts here, um there's a pay master and then uh all of these um if we go down to like the vault um so so we deposit into a super vault which is then using these deposit hooks um to deposit into multiple different vaults. We deposit into Morpho Oiler uh Morpho and Oiler in the same transaction. So um yeah, that's uh that's that's the mobile app. Um we also have a super asset products in there earn swap and uh and a card in there as well um to really capture the entire set of what you know retail crypto users would like to do with their mobile app. Um one of the

most powerful parts of this is that I can oh that's uh okay um this is the uh this is the desktop app. Um most powerful part of this is that I can use that same account uh that I created on mobile and if I want a more pro experience for it then I can use that same account that I made connect with Google. Oh boy, what's it going to take me? Okay. Uh and then I can see all those positions that I had on my mobile app and I can do more things with it on the desktop app. So

just a more pro experience for users that are already kind of used to uh to what they would like to do. Um and on here uh most important cool thing that that this has over the mobile app is that um I have this market page where I can view every vault. Uh there are like over,500 apps uh vaults on superform right now. Um I can look at all this advanced yield data on superform. I can look at uh weekly API, monthly APY, whatever. Um, and this is all collected through Superform's data pipeline. So, it's automatically indexing every single vault on all EVM chains. Um, now let's uh let's just go to here. I'll show you guys one one cool feature here, which is uh which is rebalance. Um, so let's say

I have this a vault. Um, it's actually not earning too much. What is that like 1 uh 1.07%. That's nothing. Let's try and reallocate it to something else. I like the Super ETH vault. Uh, let's just I don't know do it do uh it's not going to do all of it. Do 8,000. Okay. And then I can rebalance this in one transaction. The same thing would happen. I could do that crosschain. I could do that to 10 different vaults. Um, and I could also stake those whatever.

And yeah, uh, that should go through and then it'll reflect in my portfolio. There we go. And you can see my super balance increased. And we have all those five positions. Um lot of other stuff I could show on this but just for the sake of time um can kind of go back to the last bit of this which is the fact that everything that we've built here is really only made possible on Ethereum uh because of all of these standards that we have been able to build on. Um so superform core anybody can deploy it

on a new EVM who anybody can deploy it on a new EVM chain. Um, all of those, uh, hooks are compatible with 4337 user ops. Um, you can actually use the desktop app with an EOA as well as a smart account with 7702 support. Um, and then those vault hooks that are that we're going to be shipping with uh, can support any 4626, 515, or 7540 vault. And then also all the data pipeline stuff that you guys saw um, on the market page is made possible through 776 7726 oracles. Um and yeah, everything else is decentralized. We have validators, governance. Um and this is uh how we make yield uh yield

generation possible decentralized but still just as flexible and functional as it was uh as it was uh in Trafi. So yeah, um thanks for listening. You can sign up for early access. It will be launching uh imminently. And uh if you guys want SuperF form swag, it's uh in the back of the room. Can find us over there. So thanks. Okay. Yeah, I know. Pretty bad. Yeah, I because I had direction.