Superseed SUPR

As an Ethereum L2 and part of the Superchain, Superseed delivers capital efficiency by returning 100% of its profits to users through self-repaying loans—making DeFi work for you. The Superseed Protocol is a general purpose Ethereum Layer 2 built on the OP Stack. It is open-source, permissionless and EVM-equivalent, enabling builders to seamlessly create using familiar tooling and infrastructure. SuperCDP is the native CDP (Collateralized Debt Position) protocol enshrined in the Superseed Protocol serving as the liquidity hub and reward mechanism for Superseed. Proof-of-Repayment is a unique programmatic reward mechanism, where every day a small percentage of the total supply of the native token is distributed through an auction mechanism. The proceeds of the auction are used to repay the loans of Supercollateral users. Supercollateral is a new economic primitive and plays a central role within the SuperCDP. Tokens with Supercollateral status allow borrowers who meet safety requirements (e.g., a collateralization ratio of 500%) to secure loans without interest. Additionally, all fees generated across the network are used to burn the debt of Supercollateral users. The Superseed Stablecoin is overcollateralized and is generated when users borrow against their assets on SuperCDP. To ensure stability, the protocol requires that the value of the collateral must exceed 150% of the stablecoin’s value.