What is superSUI (SUPERSUI)?
METASTABLE, is a decentralized vault system deployed on the Sui network. The protocol enables users to deposit supported assets—bridged or native—and mint a stablecoin, mUSD, which is pegged to the US dollar (for example). The protocol also now supports mETH. Users can utilize meta assets in AMMs, lending platforms, and other protocols while earning mPOINTS that may translate into future token rewards distributed via airdrops. Vaults also support lending out deposited assets for increased yield and capital efficiency.
How does superSUI work?
Unlike a strict 1:1 minting model, METASTABLE relies on oracle-based exchange rates (e.g., Pyth price feeds) or SUI LST exchange rates to determine the exchange rate between deposited assets and meta coins. With oracle feeds in place, the protocol can adapt to different price sources and handle a wide array of assets seamlessly. Using asset's exact on-chain exchange rate enables slippageless trades between assets supported by the vault, as opposed to slippage-prone, AMM counterparts.
What is superSUI used for?
Although METASTABLE currently focuses on SUI LSTs, USD-pegged stablecoins, and ETH-pegged coins, its architecture has been designed modularly to allow extending the protocol with new meta coins. One could imagine a future where METASTABLE supports the creation of other meta coins, such as mBTC.
Where can you buy superSUI?
superSUI (SUPERSUI) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for SUPERSUI sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting SUPERSUI, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.