Superseed Foundation raises nearly $4 million through its ongoing Supersale

PANews reported on December 31 that according to official news, the Superseed Foundation has raised nearly $4 million through its ongoing Supersale event, which will last until January 8, 2025. The sale directly distributes 20% of the total token supply to users, with no risk investment participation and subscription amounts ranging from $250 to $100,000. The protocol introduces two new DeFi foundation components: Supercollateral for self-repaying loans, and Proof-of-Repayment as a programmatic reward mechanism.

As part of the Superchain ecosystem and built on the OP Stack, Superseed implements Supercollateral as a fundamental element that allows borrowers to benefit through interest-free, self-repaying loans. Users who borrow Superseed tokens can automatically repay their loans through all protocol-generated fees (including CDP interest, sorter income, and Proof-of-Repayment), creating the first systemic chain-level framework for loans to automatically repay over time. The second fundamental element, Proof-of-Repayment, operates through daily auctions of newly minted tokens. Users bid with the protocol's stablecoin, and winning bids directly reduce the debt of Supercollateral borrowers. By linking protocol growth to debt reduction, these two fundamental elements together create a new model where network activity automatically reduces user debt.

Together, these innovations establish a new foundation for the marriage of application and chain layers, allowing protocol growth to translate directly into user benefits in a capital-efficient manner. By automatically reducing debt and creating self-repaying loans through network activity, Superseed demonstrates how Layer 2 protocols can go beyond scaling to reinvent fundamental DeFi mechanisms.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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