Coinbase, the most important crypto change within the US, is itemizing a brand new altcoin mission constructed on its proprietary Ethereum (ETH) layer-2.
In a brand new announcement made via the Coinbase Belongings account on the social media platform X, Coinbase announces they’re itemizing Seamless (SEAM).
In accordance with the Seamless web site, the crypto mission is the primary “native, decentralized, non-custodial lending and borrowing protocol” constructed on the Coinbase-backed layer-2 scaling answer Base.
Undertaking incubator Coinbase says Base is designed to supply a protected, low-cost, developer-friendly approach to construct on-chain. The layer-2 community is powered by the Optimism (OP) improvement stack and is appropriate with Ethereum, Ethereum layer-2s and different EVM chains.
In accordance with Seamless, SEAM is the protocol’s new governance token.
“SeamlessFi is worked up to introduce SEAM, the governance token of Seamless, which is Base’s largest native lending protocol!”
Coinbase is itemizing SEAM as the brand new governance token is being airdropped.
At time of writing, SEAM is lower than 24 hours previous, making it comparatively unstable, which is why Coinbase is itemizing the asset beneath its Experimental Label.
SEAM is at present value $13.11, down 5.8% from its all-time excessive of $14.35, reached mere hours in the past.
Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox
Test Worth Motion
Observe us on Twitter, Facebook and Telegram
Surf The Every day Hodl Combine
Generated Picture: Midjourney