What changed

superSPCX has moved from an earlier product-rollout stage into a live pre-deposit phase according to Superform's public announcement. Portals showed $1,655.95 of one-day deposits across seven deposits, no withdrawals, and a one-week APY range of 39.52% to 54.57%. DefiLlama's public index was an older snapshot showing 56.74% APY, $65,671 TVL, 0% base yield and 56.74% reward yield in USDC and sUP, so the two data providers reflect different update times and aggregation surfaces.

Why it matters

Superform's tokenized-stock yield catalog on Base now extends beyond NVDA-linked exposure to SpaceX-linked SPCXc. Portals currently attributes all displayed yield to rewards, while the SuperVault description says the product may later evolve toward liquidity provisioning, lending and other onchain strategies, making the transition from incentive-led pre-deposit to a more composable strategy worth tracking.

Evidence

  • Superform Labs — Superform Labs' public update says superSPCX is in pre-deposit on Base, offers up to 100% APY during the launch campaign, and is not available to U.S. customers. 2026-09-21T20:26:54+09:00
  • Portals Explorer — superSPCX showed $94,555.04 TVL, 41.31% APY, 0% base APY, 41.31% reward APY, $1,655.95 of one-day deposits across seven deposits and no withdrawals. Its one-week APY range was 39.52% to 54.57%. 2026-09-21T20:26:54+09:00
  • DefiLlama — At observation time, DefiLlama's older indexed snapshot showed superSPCX at 56.74% APY, $65,671 TVL, 0% base yield and 56.74% reward yield in USDC and sUP. 2026-09-21T20:26:54+09:00

Limitations

Superform's advertised up-to-100% APY is a campaign headline and is not the same as Portals' current 41.31% displayed APY. The campaign's total reward budget, remaining duration, caps and claim conditions were not independently verified from the public sources reviewed. Portals and DefiLlama have different update times, so their TVL and APY differences should not be treated as a synchronized comparison or a precise time-series change. The displayed yield is currently reward-dependent and may compress as deposits increase or incentives change. Additional constraints include Superform contract and routing risk and SPCXc issuer, custody, redemption, eligibility, valuation and liquidity risk.

Disclosure

This is a public-market observation and does not constitute investment advice.