Seamless Protocol launches USDC Morpho Vault on Base
Seamless partners with Morpho and Gauntlet to bring isolated USDC market lending to Base, expanding the DeFi ecosystem with efficient, risk-managed solutions.
Key Takeaways
- Seamless Protocol launched a USDC Vault on Base leveraging Morpho and Gauntlet's technology.
- Participants in Seamless's USDC Vault will receive SEAM rewards as part of the protocol’s governance-approved incentive program.
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Seamless Protocol launched its USDC Vault on Base, Coinbase’s Ethereum Layer 2 blockchain, utilizing Morpho’s infrastructure and Gauntlet’s risk management capabilities.
The vault introduces isolated market architecture to DeFi lending, allowing for unique risk profiles and avoiding systemic risks associated with traditional pooled liquidity models.
This structure enables Seamless to onboard new assets and strategies while customizing risk parameters.
“Working alongside Morpho and Gauntlet underscores our commitment to leveraging innovative technology for tailored lending and borrowing solutions that prioritize user experience,” said Richy Qiao, a core contributor to Seamless.
The protocol plans to offer SEAM token rewards to participants, funded through governance-approved budgets, as part of its expansion beyond traditional lending and borrowing services.
Morpho recently expanded its presence through a partnership with Coinbase, launching Bitcoin-backed loans that allow US customers to borrow up to $100,000 in USDC against their Bitcoin holdings.
The service operates on Base using Morpho’s infrastructure.
The collaboration between Seamless, Morpho, and Gauntlet integrates risk optimization and efficient market infrastructure on Base, adding to the Layer 2 network’s growing DeFi ecosystem.
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