Seamless
Lending
Seamless is a decentralized lending platform on Base network
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
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Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: SEAM
- Tags: Lending
Key Metrics
- TVL: $16.9M (Rank #124)
- TVL Ranking by Lending: #23
- Blockchain: Base
- Chain TVL
- Base: $16.95M
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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