Hassan Maishera
On Wednesday, the Pyth Network announced via X that Pyth Price Feeds is now live on Superseed. Superseed is an optimistic rollup network that transforms Ethereum scaling into self-repaying loans, maximizing capital efficiency by returning all protocol revenue to its users.
It allows users to access yield at zero percent interest, with loans automatically repaid through protocol-generated fees like sequencer profits, CDP interest, and inflationary rewards.
Built on the OP stack, Superseed offers an open-source, permissionless Ethereum L2 that is fully compatible with existing tools and infrastructure. Key features include a native Collateralized Debt Position (CDP) platform and a unique Proof-of-Repayment mechanism.
Pyth Network is an innovative decentralized oracle that sources financial market data from over 90 first-party publishers, including major exchanges and market-making firms worldwide. PYTH is down 8.5% in the last 24 hours and trades at $0.3738 per coin.
