DescriptionaSEED is the native decentralized stablecoin of Polkadot pegged to the US Dollar and backed only by decentralized assets in Collateralized Debt Positions (CDP).

Category:crypto-backed

Minting and RedemptionUsing the Acala app, users mint aSEED by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back aUSD is burned.