The DeFi development team has unveiled Seamless Protocol, a decentralized liquidity marketplace on Ethereum’s L2 network Base. The protocol enables collateral-free lending thanks to the innovative concept of Integrated Liquidity Markets.
Developers from Seashell, RNG Labs, and Loreum Labs, as well as technical experts from Ampleforth, Uniswap, and other DeFi projects presented Seamless Protocol, an innovative non-custodial decentralized liquidity marketplace.
The protocol is based on the AAVE v3 and Geyser v2 forks and operates on Base, the recently launched Layer 2 network for Ethereum . The main goal of the innovative solution is the possibility to lend in digital assets without having to prove solvency, as is the case in traditional lending pools of the DeFi ecosystem.
Seamless Protocol mechanisms are built on the innovative concept of Integrated Liquidity Markets, which ensures full transparency and reliability of loans. Unlike standard lending mechanisms, such as Aave or Compound, Seamless Protocol allows the lender to receive loan funds only through special smart contracts — Borrowing Strategies. These smart contracts determine exactly how the funds will be used.
This approach allows liquidity providers not only to be confident in the safety of their funds but also to know exactly what their assets will be used for by the borrower. Thus, unlike existing systems, assets borrowed through Seamless Protocol can only be used for specific purposes. At their core, Borrowing Strategies are similar to TradFi’s mortgage or education loans and allow for more efficient and secure DeFi lending.
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