The aSEED Vault is now live for redemptions. Holders can redeem aSEED for treasury assets, with the current redemption rate set around 37 cents per token. The assets backing aSEED include KAR and staked LKSM, meaning that as the value of these underlying assets grows, the intrinsic value of each aSEED could also increase.
In addition, the proposal for staged KAR injections has been approved. This move is designed to strengthen aSEED’s collateral support, help stabilize its price, and potentially improve its market value over time. By periodically adding KAR to the vault, the ecosystem is working to maintain a robust asset base and create a more stable environment for aSEED holders.
Initially launched on Karura,
#Acala sister chain and innovation testbed— this redemption mechanism is an important step in further integrating the networks. The learnings and refinements from Karura are expected to pave the way for a similar rollout on
@Acala in the coming weeks, as the ecosystem continues to evolve.
#Polkadot