Imagine: you take out a loan, don’t pay interest, and… someone else pays off your debts. Sounds like a crypto-utopia, but this is Superseed! A project for those who want to borrow money and not worry about getting liquidated like an ICO in 2017.
How does it work?
At the core of Superseed is Proof-of-Repayment. This is when people compete to pay off your debt for you. Seriously. They participate in auctions to settle your debts while you just watch. The token inflation of 2% per year goes to reward the winners, and their stablecoins go into a special Dynamic Repayment Vault, which systematically eliminates your debt.
CDP Protocol: Hello, New Credit!
Simply put, you can collateralize your ETH, wBTC, or other valuable assets to create a super-stable stablecoin (well, almost like your faith in BTC), and not worry. But don’t forget: your collateral must be worth more than 150% of the loan amount, or the protocol will come for your money like the tax office at the end of the quarter. Just like real life, only on the blockchain.
Super Collateral: The Main Character of This Comedy
If you have Superseed tokens, you can use them as super collateral. All you need to do is maintain a collateralization ratio of 500%, and you can take out interest-free loans. A freebie? Well, yes. The protocol fees will go toward paying off your debts. Magic.
Dynamic Repayment Vault: Your Personal Bank
You take out a loan, and this smart contract quietly starts paying off your debts using fees from all network transactions. Why worry about interest or loans when you have a Vault that does it all for you?
Superseed Stablecoin: Stable as Memes about DOGE
Superseed is launching its stablecoin—reliable as BTC’s price on the strangest days. You collateralized assets—got stablecoins. It seems simple: just keep an eye on your collateral to ensure it doesn’t drop below 150%, or else the protocol will liquidate your collateral. But if you keep everything in order, then the stablecoin is your reliable friend.
Conclusion
Superseed is a salvation for anyone tired of being liquidated and paying interest. You simply live your life while your debts are paid off for you! Of course, it’s not as simple as it seems at first glance, but who would refuse the idea of automatic debt repayment?
Now you can confidently continue your crypto journey, knowing that your debts may have come to an end. Financial freedom without headaches? That’s no longer a dream; it’s Superseed!
The Superseed project is currently in the testnet phase, allowing users to test the platform's features and provide feedback for improvement. This is an important step toward launching the full version, and the team is actively working on optimizing all processes. Details about this phase and upcoming updates will be presented in the next article. Stay tuned for more news!
LINKS
Site: https://www.superseed.xyz/
Docs: https://docs.superseed.xyz/
Twitter: https://x.com/SuperseedXYZ
Discord: https://discord.gg/NjgdZ3sRxp
Layer3: https://app.layer3.xyz/communities/superseed?slug=superseed
Author's Twitter: https://x.com/shrilan_
