Superseed, a collateralized debt position lending protocol, announced plans to discontinue its independent layer-2 network and migrate its entire ecosystem to the Ethereum mainnet. The move, set for completion by August 15, aims to provide direct access to Ethereum liquidity and the real-world asset sector while redirecting engineering resources toward application development.
The protocol’s core offerings include a native lending platform, the self-repaying stablecoin suprUSD and the Super Strategies yield product. Protocol revenue will now support repayment of user loans rather than covering layer-2 gas fees.
The Superseed L2 chain will cease operations on August 15. Users holding assets such as USDC, USDT, cbBTC and ETH must complete cross-chain transfers before the deadline, after which asset recovery cannot be guaranteed. Holders of the SUPR token will have their balances recorded at shutdown and can claim an Ethereum-native version through a dedicated contract at a later date to be announced.
The protocol’s core offerings include a native lending platform, the self-repaying stablecoin suprUSD and the Super Strategies yield product. Protocol revenue will now support repayment of user loans rather than covering layer-2 gas fees.
The Superseed L2 chain will cease operations on August 15. Users holding assets such as USDC, USDT, cbBTC and ETH must complete cross-chain transfers before the deadline, after which asset recovery cannot be guaranteed. Holders of the SUPR token will have their balances recorded at shutdown and can claim an Ethereum-native version through a dedicated contract at a later date to be announced.