Seamless Protocol launched its USDC Vault on Base, Coinbase’s Ethereum Layer 2 blockchain, leveraging Morpho’s infrastructure and Gauntlet’s threat administration capabilities.
The vault introduces an remoted market structure for DeFi lending, enabling distinctive threat profiles and avoiding systemic dangers related to conventional pooled liquidity fashions.
This construction permits Seamless to onboard new belongings and methods whereas adjusting threat parameters.
“Partnering with Morpho and Gauntlet underlines our dedication to deploy progressive expertise for personalized credit score and lending options that put the person expertise first,” mentioned Richy Qiao, a core contributor of Seamless.
The protocol plans to supply SEAM token rewards to individuals, funded by way of board-approved budgets, as a part of its growth past conventional lending and borrowing providers.
Morfo not too long ago extensive its presence by way of a partnership with Coinbase, launching Bitcoin-backed lending that permits US prospects to borrow as much as $100,000 in USDC in opposition to their Bitcoin holdings.
The service runs on Base and makes use of Morpho’s infrastructure.
The collaboration between Seamless, Morpho and Gauntlet integrates threat optimization and environment friendly market infrastructure on Base, contributing to the rising DeFi ecosystem of the Layer 2 community.