Seamless Protocol is a decentralized lending and borrowing platform built natively on the Base network. It introduces Integrated Liquidity Markets (ILMs), which are isolated smart contract markets for undercollateralized, permissionless borrowing. SEAM is the governance token of Seamless Protocol, used for managing the protocol and its ecosystem. SEAM holders can propose updates, and if approved, these changes are automatically implemented via smart contracts.
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