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Seamless Protocol (SEAM): The First Native and Decentralized Lending and Borrowing Protocol on BASE

Seamless Protocol (SEAM): The First Native and Decentralized Lending and Borrowing Protocol on BASE

2023-12-12 | 5m

What is Seamless Protocol (SEAM)?

Seamless Protocol is a native lending and borrowing protocol on the BASE network. What sets Seamless apart is the commitment to community governance and a fair launch that distinguishes it from many other projects in the space. With no public or private sales of the SEAM token, Seamless has laid the foundation for a truly community-driven protocol.

How Seamless Protocol (SEAM) Works

The structure of Seamless Protocol is designed to provide users with a seamless and efficient DeFi experience. At the heart of its functionality are the Integrated Liquidity Markets (ILMs). These ILMs represent a paradigm shift in DeFi supply and borrow markets, introducing a synergistic interplay between Integrated Liquidity Suppliers (ISs) and Integrated Borrowing Strategies (IBs).

ISs, often known colloquially as pools or community pools, play a crucial role in providing liquidity to fuel the Integrated Liquidity Market. On the other hand, IBs, referred to as vaults or integrated borrowers, use this liquidity to execute specific DeFi strategies and amplify rewards, while paying a certain amount of fee to the ISs. What's unique is that these strategies are securely embedded within smart contract code to ensure trustless and tamper-proof execution.

The innovation underlying ILMs lies in the controlled provision of liquidity by Liquidity Suppliers (ISs) to authorized Borrowing Strategies (IBs). This not only enables undercollateralized lending but also opens the door to precise strategies like Liquidity Sourcing Tokens (LST) and Liquidity Provider (LP) strategies. The framework is transparent, on-chain, and enables greater capital efficiency, marking a departure from traditional overcollateralized lending protocols.

SEAM Token of the Seamless Protocol

Driving the Seamless Protocol is the SEAM token. Functioning both as utility and governance tokens, SEAM empowers community members to actively shape the future of the protocol. Unlike many other tokens, SEAM must be delegated to enable voting power. This ensures that only those truly invested in the community have a say in the governance process. To make the protocol more transparent and decentralized, SEAM token was fair-launched, which means that it did not have any private or public sales. The protocol's commitment to a fair launch and the absence of public or private sales for SEAM tokens underline its dedication to decentralization and inclusivity. This sets it apart from projects that may favor early backers or large investors.

Community members deploy SEAM tokens to propose updates to the Seamless Protocol. Once certain thresholds are met, the timelock Governor contracts automatically execute the proposed changes, ensuring a seamless and efficient governance process. The transparency and fairness embedded in the governance structure align with the core principles of DeFi and Seamless.

SEAM Goes Live on Bitget

Seamless Protocol is not just a decentralized lending and borrowing platform; it's a testament to the possibilities of fair governance, innovation, and inclusivity in the rapidly evolving world of DeFi. With its unique features, community-driven approach, and commitment to transparency, Seamless Protocol is set to leave an indelible mark on the DeFi landscape.

SEAM is scheduled to be listed on Bitget on December 12, 2023.

We're celebrating this listing with a special campaign (December 12 – December 17 (UTC)) just for you. Don't miss out on this golden opportunity to grab a share of 3,333 SEAM!

How To Trade SEAM on Bitget

Step 1: Go to SEAMUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

For detailed instructions on how to spot trade in Bitget, please read ​​The Uncensored Guide To Bitget Spot Trading.

Trade SEAM now on Bitget!

SEAM on Bitget Launchpool

There's more! SEAM will be a part of Bitget Launchpool, a platform for users to stake and earn new tokens for free. Join now to get the best out of it!

From December 12, 11:00 – December 17, 11:00 (UTC), you can grab a share of 3,333 SEAM through:

  • Activity 1 - Beginner Pool:

    • New users of Bitget Launchpool can stake at least 10 BGB to grab a share of 2,083 SEAM.

  • Activity 2 - Normal Pool:

    • Existing users of Bitget Launchpool can stake at least 100 BGB and grab a share of 1,166 SEAM.

    • Existing users can also invite friends to grab a share of 84 SEAM. For each friend you successfully invite to sign up and stake in the beginner pool, you can receive 0.4 SEAM (up to 2 SEAM). Supply is limited, so don't miss out!

For more specific information on how to get SEAM tokens on Bitget Launchpool, check out the announcement here.

Stake BGB and Get SEAM now!

Seamless Protocol (SEAM): The First Native and Decentralized Lending and Borrowing Protocol on BASE image 0

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.