# Superform x PWN

By [PWN DAO ](https://paragraph.com/@pwn-dao) · 2024-04-04

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**Superform x PWN**

Your yield positions, supercharged. With the new [Superform](https://www.superform.xyz/) integration, users can now leverage their SuperPositions as collateral on PWN while collecting yield on their vault deposits.

**Superform**

Superform evolves the way yield is discovered and managed: a single transaction, instant access into any [ERC-4626](http://erc4626.info/) yield vault on any EVM chain, using any asset. No manual swapping, bridging, and depositing needed. Superform’s SuperPositions are tokenized 1:1 representations of vault shares, and enable cross-chain composability. In other terms, you can use your assets on Arbitrum to deposit in a vault on Ethereum, and use your SuperPosition as collateral on PWN on Arbitrum.

**Why use Superpositions as collateral on PWN?**

By using [SuperPositions](https://docs.superform.xyz/periphery-contracts/superpositions#introduction) as collateral, you can enjoy new DeFi opportunities without giving up your yield-bearing vault deposits. Here's why it's a win-win:

*   **Yield-bearing collateral:** Your SuperPositions continue to generate yield while in escrow on PWN, offsetting borrowing costs.
    
*   **Both flexible & predictable:** Set your loan terms (borrowed asset and amount, LTV, APR, duration) and enjoy stability throughout the loan duration.
    
*   **No price-based liquidation:** Rest easy knowing that your SuperPositions are secure, regardless of price fluctuations for the underlying asset. All you have to do is pay back your loan, plus interest, on time.
    
*   **Bundled leverage:** PWN lets you bundle your SuperPositions with any other assets on the same chain to unlock additional liquidity opportunities.
    

**HOW DOES PWN WORK?**

[https://www.youtube.com/watch?si=4zPFEKJsX4Kqz5Rg&v=\_1wQFZc4KyY&feature=youtu.be](https://www.youtube.com/watch?si=4zPFEKJsX4Kqz5Rg&v=_1wQFZc4KyY&feature=youtu.be)

**ABOUT PWN**

PWN is a peer-to-peer permissionless lending protocol. In the true spirit of DeFi composability, PWN users can borrow against—or lend using—any asset in their wallet (ERC-20, NFT, and even a bundle of both), while enjoying absolute flexibility on the loan terms (LTV, duration, APY, etc.). The oracle-less nature of the protocol protects all PWN loans from price-based liquidations. The only way to lose collateral is to default on a loan.

Operating on six EVM-compatible networks\*, PWN opens up new liquidity avenues, composability options, and leverage opportunities, while giving its users both optimized capital efficiency and predictability on both sides of the loan. A win on all fronts.

*   _Ethereum, Optimism, Arbitrum, Base, Binance Smart Chain, Polygon, Cronos_

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*Originally published on [PWN DAO ](https://paragraph.com/@pwn-dao/superform-x-pwn)*