Overview

Seamless is excited to announce a SEAM Airdrop for early ecosystem participants who have directly contributed to the early success of the protocol.

This blog post aims to provide a high-level overview of how to check for airdrop eligibility and how to claim your Airdrop.

Checking your eligibility for the SEAM Airdrop

Head to claim.seamlessprotocol.com or claims.seamlessprotocol.com and connect your wallet. Both URLs work and will lead to the same page below.

Click the Get started Button.

Note: IF you are eligible for the SEAM airdrop you will see this screen.

Note: IF you are not eligible for this SEAM airdrop you will see this screen. For more information about the SEAM airdrop and eligibility requirements please refer to this document: Seamless Genesis Airdrop Details.

Claiming your SEAM Tokens

Clicking the Start your claiming process button.

After reading through some information about Seamless, click through to the next screen.

After watching a video overview about Seamless Protocol, click through to the next screen.

Delegating your SEAM Tokens

Continue by choosing a delegate to receive SEAM voting power.

After choosing who you’d like to delegate voting power to, click Delegate to proceed.

A few important things to note:

• Delegation does not transfer token ownership, it only grants “Voting Power” to the delegated address.
• You can delegate voting power to yourself if you’d like.
• SEAM tokens must be delegated to activate voting power. i.e. if they are just held within your wallet without any delegation, the tokens do not have voting power and therefore cannot participate in Seamless Protocol governance (i.e. proposals and voting). Even for someone wishing to vote themselves, users must delegate to their own address.
• Delegation may benefit users seeking governance participation without the continuous responsibility of direct involvement or technical expertise, much like voting to elect a local government representative who handles policy issues full-time.
• Delegate profiles displayed are individuals who have personally submitted bios/background on why they feel they should be delegated your voting power. These are individuals who are active in the governance process helping to shape the future of the protocol. Think of them as elected officials pushing laws through.

You can now claim your SEAM tokens. Click, Claim, and approve the transaction in your wallet.

You have now claimed your SEAM Airdrop! You can view the balance of your SEAM in your wallet by adding the token address to your wallet. SEAM Address on BASE: 0x1C7a460413dD4e964f96D8dFC56E7223cE88CD85

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FAQs

Will there be more airdrops?

Yes, shortly after this initial airdrop, a subsequent airdrop will take place to reward early ecosystem participants.

How long do I have to claim this airdrop?

You have 3 months to claim within your airdrop! If not claimed within the 3 month timeframe, the SEAM tokens will return to the Seamless DAO which is community governed.

What is SEAM?

SEAM is the fair launch utility governance token of Seamless Protocol. With SEAM, the community continues evolving and decentralizing while pursuing its vision to pave the way for modern DeFi.

How To Earn SEAM Tokens

SEAM tokens are rewarded to users of the Seamless Protocol (such as liquidity suppliers or borrowers). To get started, follow this Step-by-Step Guide to Supplying and Borrowing.

The entire Community Liquidity Mining allocation is available for this particular distribution mechanism, with the weightings, amounts and rates of rewards determined through onchain governance and bound by smart contract logic to follow a five year emission schedule.

What are SEAM Tokens Used For?

SEAM tokens are used for governance of Seamless Protocol and its wider ecosystem of smart contracts and community. SEAM tokens are based on OpenZeppelin’s industry-leading smart contracts, inspired by Compound, and must be delegated in order for the voting power to be enabled.

Community members may use SEAM tokens to propose updates to Seamless Protocol, and if certain thresholds are attained, the smart contract changes are automatically executed by timelock Governor contracts.

For more information on how to delegate and utilize SEAM for governance, reference the docs found in the governance section of the gitbook.

Seamless Protocol is the first decentralized, native lending and borrowing protocol on Base. Seamless lays the foundation for the next generation of DeFi, focusing on lower-collateral borrowing and a better user experience to inspire the masses.

Join the community and get plugged in via the following links:

🧑‍💻 Website: https://seamlessprotocol.com

📱 App: https://app.seamlessprotocol.com

🐦 Twitter: https://twitter.com/seamlessfi

👾 Discord: https://discord.com/invite/Uye9jCVgUp

💬 Telegram: https://t.me/seamless_protocol

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