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Coinbase, the largest crypto alternate within the US, is itemizing a brand new altcoin venture constructed on its proprietary Ethereum (ETH) layer-2.
In a brand new announcement made via the Coinbase Property account on the social media platform X, Coinbase announces they’re itemizing Seamless (SEAM).
In line with the Seamless web site, the crypto venture is the primary “native, decentralized, non-custodial lending and borrowing protocol” constructed on the Coinbase-backed layer-2 scaling resolution Base.
Challenge incubator Coinbase says Base is designed to supply a secure, low-cost, developer-friendly strategy to construct on-chain. The layer-2 community is powered by the Optimism (OP) growth stack and is compatible with Ethereum, Ethereum layer-2s and different EVM chains.
In line 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 risky, which is why Coinbase is itemizing the asset underneath its Experimental Label.
SEAM is at the moment value $13.11, down 5.8% from its all-time excessive of $14.35, reached mere hours in the past.
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