How we doing Lion’s! I trust you have been safe and well and I am pretty excited about today’s posts because we’re back for another Leo Learn which due to the slow past few months there hasn’t been many new projects to introduce. But now that the bull is returning so to are the new projects and today we’re looking at a brand new decentralized finance (De-Fi) project.
This groundbreaking player that has emerged is Seamless Protocol Designed as a decentralized, non-custodial liquidity market, Seamless Protocol weaves together the threads of innovation from pioneers like AAVE and Ampleforth. In fact Seamless is a fork of AAVE so this one might just be worth your interest.
Seamless Protocol]( https://app.seamlessprotocol.com/) is the latest innovation in De-Fi to launch in the current period offering a more seamless experience for both Liquidity Suppliers and Liquidity Borrowers. What sets Seamless apart is its concept of Integrated Liquidity Markets. Unlike traditional borrowing platforms, Liquidity Suppliers provide funds to authorized Borrowing Strategy smart contracts, enabling undercollateralized borrowing. The protocol inherits the security of audited smart contracts from AAVE and Ampleforth ensuring a robust foundation.
The Integrated Liquidity Markets of Seamless Protocol introduce a new approach. Liquidity Suppliers interact with authorized Borrowing Strategy smart contracts allowing for transparent and verifiable on-chain transactions.
This transparency enhances capital efficiency enabling undercollateralized borrowing for Borrowing Strategies. While Borrowing Strategies may engage in undercollateralized borrowing, Liquidity Suppliers maintain control fostering a synergistic relationship and unlocking new possibilities for leveraged positions.
Seamless Protocol leverages the proven smart contracts of De-Fi from AAVE and Ampleforth. By forking AAVE v3 and Geyser v2 Seamless inherits battle tested security protocols. This strategic foundation positions Seamless to introduce experimental Integrated Liquidity Markets gradually.
The community is quite broad with a lot of contributors from various De-Fi projects to NFT projects that actively contribute to the protocol's direction.
Central to Seamless Protocol's ethos is a decentralised community governance model. The Seamless Protocol DAO which is powered by the SEAM governance token provides token holders the ability to shape the protocol's future by contributing to voting on community proposals much like other projects.
Seamless does state that it’s contributors consist of a diverse backgrounds including experiences from Coinbase, Google, and Uniswap that have collaborated to enhance the user experience of web3 and improve De-Fi capital efficiency.
Seamless Protocol states that it aspires to be a catalyst for the next generation of capital efficiency. By introducing infinitely composable primitives Seamless paves the way for a more efficient and user-friendly De-Fi system that is resilient. The protocol's commitment to innovation is reflected in its approach to lower collateral borrowing and improved user experiences.
Seamless Protocol's governance framework is structured, transparent and community-driven. The SEAM governance token which is running on Base Protocol grants voting power and governance rights. With a six step governance process which involves ideation, off-chain collaboration, on-chain voting, a voting period, timelock execution, and final execution, ensuring a thorough and inclusive decision making process.
What’s a new protocol without an Airdrop? Seamless Protocol has exciting news for its contributors with the Genesis Airdrop. This airdrop rewards users who have actively participated in the Seamless ecosystem. With 400,000 SEAM tokens up for grabs, the Genesis Airdrop aims to involve the community in shaping the future of Seamless Protocol.
Eligible users can claim their Genesis Airdrop tokens starting December 11th, 2023, at 8 PM UTC. The claim window remains open for three months. To check eligibility and initiate the claim process, users should visit the official claim page at https://claim.seamlessprotocol.com/ or https://claims.seamlessprotocol.com/. It is crucial to use only the official links to avoid potential scams.
Seamless Protocol the new kid on the block with its Integrated Liquidity Markets and community driven governance represents a significant change in De-Fi evolution. As it unveils the Genesis Airdrop Seamless invites its community to actively participate in shaping the protocol's future.
We’re super excited to see how this project drives forward and continues to reshape the world of De-Fi and being launched also on Coinbase at the same time showcases the projects commitment to equal opportunity for all investors.
You can find out more on the Seamless Official website, X, Discord and Telegram
Image sources provided supplemented by Canva Pro subscription. This is not financial advice and readers are advised to undertake their own research or seek professional financial services.
