Seamless Protocol launched its USDC Vault on Base, Coinbase‘s Ethereum Layer 2 blockchain, utilizing
Seamless Protocol launched its USDC Vault on Base, Coinbase‘s Ethereum Layer 2 blockchain, utilizing Morpho’s infrastructure and Gauntlets 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 Morphos infrastructure.
The collaboration between Seamless, Morpho, and Gauntlet integrates risk optimization and efficient market infrastructure on Base, adding to the Layer 2 networks growing DeFi ecosystem.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00