Seamless

Lending

Seamless is a decentralized lending platform on Base network

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Seamless?

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Information
Exploit/Hacks
None
Info
  • Website
  • Token: SEAM
  • Tags: Lending
Key Metrics
  • TVL: $21.8M (Rank #147)
  • TVL Ranking by Lending: #29
  • Blockchain: Base
  • Chain TVL
    • Base: $21.81M
Risk Assessment
Watch Out
Protocol Code Quality
  • Code not reviewed by any experienced auditors
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2023; maturity over six months reduces technical risk as smart contracts are moderately battle-tested
  • Top 10% by total value locked reduces risk
  • Requires members of a DAO to vote on-chain for approving contract upgrades
  • Timelock is at least 48hrs, which provides users with sufficient time to exit if any malicious upgrades are approved
  • At least one minor governance issue documented
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • Robust controls to mitigate oracle price manipulation
  • Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
  • Solid controls in place to prevent risky borrowing
  • Solid mechanisms in place to ensure healthy liquidations
  • No reserves or no stability module
Things to know about Seamless

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Seamless Pools
Seamless ETH Lending
1.3%
Yield
$981K
TVL
Risk
C
Protocol
Seamless
Chain
Base
Seamless ETH Lending
0.1%
Yield
$697K
TVL
Risk
C
Protocol
Seamless
Chain
Base
Seamless USD Lending
4.4%
Yield
$51K
TVL
Risk
C
Protocol
Seamless
Chain
Base

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