Seamless is the first decentralized, native lending and borrowing protocol on Base. With the support of an actively engaged community, Seamless has become one of the highest TVL dapps on Base.
Unlike other dapps, which may have expanded onto Base from another chain, Seamless Protocol is built natively on Base, the premier L2 solution empowered by Coinbase.
Seamless aims to inspire the masses with better user experience and higher capital efficiency, so Coinbase's vision of bringing their 100M+ users onchain is directly aligned with the Seamless vision.
We're here to stay. Base is the home Base.
The direction of Seamless Protocol is determined by holders of the SEAM governance token.
SEAM governance token holders may submit proposals, which activate open voting periods if the proper thresholds are passed. During the open voting period, any SEAM holders may cast their votes according to their preferences. If the quorums are achieved, then the results of the vote are automatically queued in timelock contracts to execute the winning outcome 🗳️
Note: In order to activate the voting ability for SEAM, holders must first delegate their votes (either to themselves or other wallet addresses). If delegated to another wallet, the receiving wallet does not receive SEAM tokens, but does receive the voting power of the delegated SEAM.
Seamless stands on the shoulders of giants, taking inspiration from both Aave and Compound, who have established the initial foundation of DeFi as we know it today. By taking the baton and adding further innovations, Seamless aims to open the doors for the next generation of DeFi, where the users can interact more efficiently, effectively, and seamlessly.
🙌 User Experience: With partner integrations directly into the dapp, bridging & swapping onto Base from another chain is possible in just 1 click.
🦄 Higher Capital Efficiency: The innovation of Integrated Liquidity Markets (ILMs) unlocks more borrowing with less collateral.
More on this in the next section! 👇
Seamless Protocol is the first decentralized, native lending and borrowing protocol on Base.
