According to official news from PANews on December 31, the Superseed Foundation has raised nearly $4 million through its ongoing Supersale event, which will last until January 8, 2025. This sale directly allocates 20% of the total token supply to users, with risk-free investment participation, and subscription amounts ranging from $250 to $100,000. The protocol introduces two new foundational components for DeFi: 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, enabling borrowers to benefit from interest-free, self-repaying loans. Users borrowing Superseed tokens can automatically repay loans through all fees generated by the protocol (including CDP interest, sequencer revenue, and Proof-of-Repayment), creating the first systematic chain-level framework that allows loans to be repaid automatically 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 with debt reduction, these two fundamental elements together create a new model where network activities automatically reduce user debt.
These innovations together establish a new foundation for the integration of applications and chain layers, allowing protocol growth to directly translate into user benefits in a capital-efficient manner. Through network activities that automatically reduce debt and create self-repaying loans, Superseed demonstrates how Layer 2 protocols can go beyond scaling to reshape fundamental DeFi mechanisms.