Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Press Release » Coinbase lists Seamless Protocol’s new token, first Base token launched on the exchange

Coinbase lists Seamless Protocol’s new token, first Base token launched on the exchange

SEAM serves as the governance token for the Aave-based DeFi lending platform.

Coinbase lists Seamless Protocol’s new token, first Base token launched on the exchange

Share this article

Coinbase announced today the listing of SEAM, the governance token of Seamless Protocol – a decentralized, lending and borrowing protocol on Base. The listing makes SEAM the first Base layer 2 token to be listed on Coinbase.

Seamless Protocol aims to expand access to decentralized finance (DeFi) by enabling lower-collateral borrowing and focusing on ease of use.

Unlike most token distributions, SEAM had a fair launch airdrop that rewarded liquidity providers, borrowers, stakers, and other active ecosystem participants with non-transferable “OG Points” that are memorialized on-chain. These points can be used in the future to customize loan terms and increase eligibility for airdrops.

The listing of SEAM provides the burgeoning Seamless community with a highly liquid market to exchange the governance token. SEAM holders can participate in on-chain votes to guide the future direction of the protocol including decisions around token emissions from the treasury and additions of new borrowing strategies.

This comes on the heels of Seamless Protocol’s rapid growth to become one of the top DeFi apps on Base by total value locked (TVL). Seamless Protocol has seen its total value locked (TVL) surge by nearly 150% over the past month, reaching $7.5 million based on DefiLlama data.

The protocol was developed through a collaboration of contributors from leading DeFi projects including Aave, Uniswap, Coinbase, Maple Finance, CertiK, and Ampleforth.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.