Seamless Protocol is the first decentralized, native lending and borrowing platform on Base, a layer-2 network developed by Coinbase. Launched on September 11, 2023, Seamless aims to lay the foundation for modern decentralized finance (DeFi) by focusing on automated leverage strategies and enhancing user experience.

Key Features:

- Integrated Liquidity Markets (ILMs): Seamless introduces ILMs, which are vault strategies operating autonomously. These allow users to obtain leverage by simply depositing a base asset. The ILMs handle complex transactions and automatically rebalance themselves, offering leveraged products without the risk of liquidations.

- Asset Support: Users can supply and borrow popular Base assets, including USDC, ETH, wstETH, AERO, SEAM, and BRETT, with plans to support more assets in the future.

- Governance via SEAM Token: The protocol is governed by its native token, SEAM, which functions as both a utility and governance token. Community members can propose and vote on updates to the protocol, ensuring a decentralized and inclusive decision-making process.

User Participation:

- Liquidity Suppliers: Individuals can provide liquidity to the protocol and earn fees in return.

- Borrowers: Users seeking to borrow from the liquidity pools must lock collateral and pay fees to access funds.

Security and Reliability:

Seamless Protocol is a fork of Aave v3, a leading overcollateralized liquidity protocol, ensuring a robust and secure foundation. Additionally, staking farm contracts are adapted from Ampleforth Geyser v2 contracts, which have securely managed substantial assets over several years.

By integrating these features, Seamless Protocol aims to provide a more efficient and user-friendly DeFi experience on the Base network.