Coinbase Welcomes SEAM Token: Seamless Protocol Makes Historic Debut as the First Base-Blockchain Listing

Seamless Protocol, once recognized for its "OG Points" initiative that rewarded users for accumulating points in on-chain wallets, has taken a significant step forward by introducing governance tokens named SEAM within Coinbase's Base ecosystem. The initiation of SEAM trading at 18:00 UTC on Monday signifies a groundbreaking moment as it becomes the first Base token to be listed on Coinbase.

At its core, Seamless operates as a lending and borrowing protocol, positioning itself as a prominent platform on the layer-2 blockchain landscape with an impressive Total Value Locked (TVL) exceeding $10 million.

SEAM tokens were exclusively airdropped to participants within the Seamless platform, serving as a reward for their active involvement, encompassing contributions to and borrowings from diverse trading pools. It's noteworthy that no public or private sale of SEAM tokens took place, emphasizing the platform's commitment to inclusivity.

In its earlier iteration, Seamless facilitated the "OG Points" program, catering to liquidity suppliers, borrowers, and staking farmers. This initiative allowed users to accumulate points in their on-chain wallets, and these accumulated points have now transitioned into tradable tokens.

The development of Seamless Protocol has been a collaborative effort, drawing expertise from various contributors with diverse backgrounds in the Web3 space. Contributors from entities such as Aave, Uniswap, Coinbase, Maple Finance, CertiK, and Ampleforth have played a pivotal role. The primary product offered by Seamless Protocol is Integrated Liquidity Markets (ILMs), embodying the concept of specific-purpose loans. Similar to specialized loans like car loans or home mortgages, ILMs provide favorable terms for borrowing specific tokens or engaging in staking activities. This collaborative approach and innovative product offerings position Seamless Protocol at the forefront of blockchain-based lending and borrowing solutions.

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