Quantum corrections to the universal hypermultiplet and superspace

We investigate quantum corrections to the effective action of the universal hypermultiplet in the language of projective superspace. We rederive the recently found one-loop correction to the universal hypermultiplet moduli space geometry. The deformed metric is described as a superspace action in terms of a single function, homogeneous of first degree. Our framework leads us to a natural proposal for the nonperturbative moduli space metric induced by five-brane instantons.