Yep! It works really well!
Plus the feeds can be used for threads not necessarily just on Lemmy/piefed/etc... but also mastodon/peertube,/pixelfed etc. Works closer to a big RSS except any interaction like upvotes/downvotes, comments and others. It's very well thought out.
Piefed has an awesome dev. And the tech stack is very easy to read (in my opinion).