Seamless Protocol is a decentralised finance (DeFi) platform offering a decentralised, non-custodial lending and borrowing protocol. It provides both over-collateralized and under-collateralized loans via Integrated Liquidity Markets (ILMs).
Seamless Protocol operates on the Base network, employing smart contracts from Aave v3 for lending and borrowing functions. It introduces Integrated Liquidity Markets (ILMs), enabling capital-efficient, under-collateralized borrowing by supplying liquidity to authorised smart contracts. The platform uses Defender Cloud Services for automation and monitoring.
Seamless Protocol's use cases include decentralised lending and borrowing, cross-chain asset bridging and swapping, staking and governance through SEAM tokens, and applications within financial services to enhance capital efficiency and decentralised decision-making.
Launched on September 11, 2023, on the Base network, Seamless Protocol was developed by a team from Seashell, RNG Labs, and Loreum Labs, among others. Built as a fork of Aave v3, it quickly amassed $1 million in liquidity and established notable partnerships, focusing on offering a decentralised, community-governed financial ecosystem.