Seamless Protocol launched its USDC Vault on Base, Coinbase’s Ethereum Layer 2 blockchain, leveraging Morpho’s infrastructure and Gauntlet’s risk management capabilities.
The vault introduces an isolated market architecture for DeFi lending, enabling unique risk profiles and avoiding systemic risks associated with traditional pooled liquidity models.
This structure allows Seamless to onboard new assets and strategies while adjusting risk parameters.
“Partnering with Morpho and Gauntlet underlines our commitment to deploy innovative technology for customized lending solutions that put the user experience first,” said Richy Qiao, a core contributor of Seamless.
The protocol plans to offer SEAM token rewards to participants, funded through board-approved budgets, as part of its expansion beyond traditional lending and borrowing services.
Morfo recently extensive its presence through a partnership with Coinbase, launching Bitcoin-backed lending that allows US customers to borrow up to $100,000 in USDC against their Bitcoin holdings.
The service runs on Base and uses Morpho’s infrastructure.
The collaboration between Seamless, Morpho and Gauntlet integrates risk optimization and efficient market infrastructure on Base, contributing to the growing DeFi ecosystem of the Layer 2 network.
