Seamless Protocol
Seamless Protocol on Base network offers decentralized, undercollateralized lending
Seamless Protocol, a pioneering decentralized lending and borrowing platform on the Base network, has rapidly become the largest native liquidity market. It introduces Integrated Liquidity Markets (ILMs) for peer-to-peer, undercollateralized borrowing in a permissionless setting. The protocol, which operates without external funding and is community-governed, allows users to either supply liquidity and earn fees or borrow against locked collateral. Notably, Seamless Protocol leverages battle-tested smart contracts, being a fork of Aave v3 for its core functions and Ampleforth Geyser v2 for staking farms, without modifying the original code. This approach ensures reliability and security, having managed substantial assets and distributed significant rewards in other contexts.