🧵Introduction to Seamless Protocol

Seamless Protocol is the first decentralized, native lending and borrowing protocol on Base. Seamless lays the foundation for Modern DeFi, focusing on automated leverage strategies and a better user experience to inspire the masses.

Since launching, Seamless Protocol has grown to be the largest native liquidity market (Top 10 TVL on Base, according to DefiLlama).

Originally built on an AAVE V3 fork, Seamless opted for a “platformless future” — a strategic move to concentrate its resources, accelerate innovation, and gain greater architectural freedom. By migrating core lending activity to Morpho, Seamless eliminated the overhead of maintaining its own isolated fork and instead aligned itself with a permissionless, modular, and capital-efficient base layer.

This shift allows the team to focus on building a novel DeFi primitive, Leverage Tokens (LT)*.^. LTs take any DeFi strategy and wraps it into an ERC-20 token, letting users easily enter complex DeFi strategies by simply picking up a token.

LTs make it easy for users to obtain leverage without the headaches of manual intervention and continuous position monitoring. Behind the scenes, LTs automate time consuming transactions and rebalance events to continuously target an established leverage ratio.

LTs make sense for loopers, passive yielders, traders and DEX LPers – regardless of your DeFi strategies and goals, LTs offer simple tokens to represent your DeFi strategies.

Seamless Protocol is a decentralized community-governed initiative and no funds were raised.

Seamless Protocol is supported by a variety of teams and individuals, who are passionate about creating transparent and reliable DeFi experiences that drive financial value and opportunity.

Collectively, the contributors and advisors working on Seamless Protocol have backgrounds from Coinbase, Uniswap, Robinhood, CertiK, Kraken, Ampleforth, GameStop and more.

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*To be launched soon