what's Seamless Protocol?
Seamless Protocol is a decentralized finance (DeFi) liquidity protocol designed to enhance the user experience for liquidity providers and borrowers. It operates on blockchain networks like Base and Ethereum, offering seamless access to borrowing and lending markets through innovative mechanisms such as automated leverage strategies. The protocol introduces Leverage Tokens, which simplify complex looping processes by automating rebalancing and enabling one-click entry into leveraged positions. These ERC-20 tokens are composable, allowing users to hold them in wallets or integrate them across DeFi applications, while supporting yield-bearing assets like staked ETH for amplified returns without manual intervention. Built with a focus on efficiency and security, Seamless collaborates with partners like Morpho Labs and Lido Finance to provide institutional-grade tools with retail accessibility. It emphasizes gas-optimized operations and on-chain transparency to scale leverage in DeFi ecosystems.
Seamless is the #1 borrower on a Morpho blue-chip market via its wstETH/ETH Leverage Token loop strategy.
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Collaborated with infiniFi to offer leverage tokens.
Seamless is the #1 borrower on one of Morpho's biggest blue-chip markets through its wstETH/ETH Leverage Token loop strategy.
The wstETH/ETH Leverage Token crossed $30M TVL, up from the $20M milestone reported earlier in December.
The staking module retains over 90% of stakers since launching in early 2025.
Team expansion underway with an open position for a core developer contributor focused on smart contracts and DeFi.
The wstETH/ETH Leverage Token crossed $20M TVL.
Seamless Vaults have surpassed $60M in total deposits.
Seamless integrated into Morpho's infrastructure that connects Coinbase users to DeFi lending opportunities, alongside other platforms including Spark, Ledger, Safe, TrustWallet, and Moonwell.
Seamless is now the largest borrower on the wstETH/WETH market on Ethereum with fresh TVL added.
Average revenue per user is rising, with revenue currently flowing to stkSEAM holders.
Leverage Tokens shipped on Ethereum mainnet and security audits completed in October.
Leverage Tokens are launching on Ethereum mainnet following Cantina's security audit which is in final stages, with the audit report dropping soon.
Seamless gets eliminated in Round 2 of a DeFi Protocol Showdown competition alongside Moonwell and IPOR, while competitors MorphoLabs, Term Labs, and Revert Finance advance to Round 3.
$SEAM rewards renewed and topped up for vaults on Base Morpho, offering multi-asset yield opportunities across USDC, ETH, and cbBTC with positive TVL trends.
Active hiring for Core Developer role ($100K-200K) signals development acceleration and resource allocation.
$250K Battle Royale competition launches in partnership with Maestro Bots on Base network
New weekly raffle program launches July 28th with 500 USDC prize pool; requires 0.2 ETH minimum deposit and holding until August 3rd.
Legacy platform sunset on June 30th requires immediate fund withdrawal from legacy markets; post-deadline withdrawals possible without UI.
WETH vault reaches $26M TVL, offering 4% APY plus 5x Superform points on Base network.
Recent campaign with AWE Network attracts 500 users with $10k average holdings, achieving $2k+ TVL per SEAM token.
Direct EURO to USDC conversion and vault deposit feature now live.
Featured as top Earn application on Coinbase Wallet, expanding mainstream accessibility and visibility.
Giza Tech drives $29M volume to Morpho Vaults on Base network
Morpho USDC vault hits capacity limit; WETH vault showing strong adoption during limited-time yield campaign with Jumper Exchange.
Legacy platform sunset scheduled for June 30, 2025; users must withdraw funds before deadline. Leverage Tokens launching early June.
New WETH vault launches with $1.1M TVL, offering up to 11% APY with 478 spots remaining.
Protocol reaches $100M TVL milestone, representing a specific valuation point beyond the previously reported 300% YTD increase.
Leverage Token smart contracts pass audit ahead of upcoming launch.
Security audit reveals 11 issues discovered by Cantina researchers.
ARPU approaches new all-time high while TVL increases 300% YTD.
TVL doubles while maintaining lean core contributor team structure.
Ecosystem vaults show 25% growth, leading trending vaults table this week.
Protocol TVL rises 24% to $88.77M while staker count grows 67%, with USDC vault reaching $53M.
New yield farming opportunity launches with 11-15% APY across WETH and USDC vaults, limited to 1000 spots with $5K-$10K deposit range.
Morpho Vaults achieve highest TVL on Base within 4 months, backed by Gauntlet's risk management.
Protocol maintains $89M TVL, ranking 8th among Base apps
Superform allocates funds to USDC Vault through new integration with Morpho Labs.
New USDC vault on Base offers 7% APY plus SEAM and MORPHO tokens through SuperUSDC integration.
New oBUNNI incentives program launches with three pools offering up to 369k% APR and rehypothecation benefits through SeamlessFi and MorphoLabs.
Tokenomics v1 introduces revenue-sharing staking mechanism with governance control features.
Protocol reaches ~90M TVL; Leverage Token launch upcoming.
Legacy platform deposits will be disabled on April 11th as Phase 3 of migration to Morpho begins. Users retain ability to withdraw and repay existing positions.
USDC vault ranks among top 5 TVL growth performers with collective 45% TVL increase across stablecoin vaults.
ILM v1 positions being unwound today. Users must withdraw positions before transition to Leverage Tokens.
New tokenomics model launches with protocol fee distribution to stakers. Staking mechanism provides revenue sharing and bad debt protection.
Leverage Token launch imminent through Morpho Labs partnership, bringing one-click leverage to Base network.
ARPU increases 200% YoY alongside new revenue-sharing staking program launch.
Protocol migration from Aave V3 fork to Morpho platform scheduled for March 2025.
Three new ETH-USDC pools launch on Base with experimental strategies, offering swap fees and week-long $oBUNNI rewards through double rehypothecation.
Major infrastructure upgrade initiates with lend/borrow functionality moving to Morpho's infrastructure.
Core lending functionality migrating to Morpho's infrastructure, with strategic AMA scheduled for April 3rd.
Three new Base network vaults achieve $30M+ combined TVL, offering Morpho rewards and SEAM boost.
DAO approves full protocol migration to Morpho's stack, affecting $70M TVL and promising enhanced yields.
Staking functionality and updated tokenomics model now live on protocol.
Core lending protocol migrating to Morpho's infrastructure, AMA scheduled April 3rd with key DeFi partners.
Net deposits grew to $81M in March 2025, up 60% from $50M in December 2024. Operating on Base chain.
Tokenomics v1 launching with SIP-42 vote on March 15, introducing SEAM staking.
Top gainer on March 7 with 86% increase.