Seamless Protocol SEAMPrice $ 0.471

Seamless Protocol is the first native, decentralized, non-custodial lending and borrowing protocol on the Base network.Seamless enables users to engage in a new form of peer-to-peer borrowing/lending—Integrated Liquidity Markets (or ILMs, for short)—which are isolated, smart contract-to-smart contract markets for undercollateralized, yet still permissionless, borrowing.

SEAM is the fair launch utility governance token of Seamless Protocol. SEAM tokens are used for governance of Seamless Protocol and its wider ecosystem of smart contracts and community. SEAM tokens are based on OpenZeppelin’s industry-leading smart contracts, inspired by Compound, and must be delegated in order for the voting power to be enabled.

Community members may use SEAM tokens to propose updates to Seamless Protocol, and if certain thresholds are attained, the smart contract changes are automatically executed by timelock Governor contracts.