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Oracle of Ages
The Pegasus Seeds can be found at the northwest part of Rolling Ridge. This Pegasus Tree will only appear in the past and is the only one in Labrynna. Pegasus seeds are used to increase Link's speed. If used along with the Roc's Feather or Roc's Cape it will increase the length of Link's jump. It will also temporarily stun enemies.
Oracle of Seasons
There are two Pegasus Seed trees in Holodrum. The Pegasus Seeds are found south of Poison Moth's Lair and south of Tarm Ruins. The seeds only grow in Autumn. Pegasus Seeds increase Link's speed. If used along with the Roc's Feather will increase the length of how far Link jumps. It will also temporarily stun enemies.