Seamless Protocol launches altcoin-specific DeFi lending market on Base

DeFi lending protocol Seamless has launched an altcoin lending market on Base. The first two tokens to enter the lending platform are Degen Chain's DEGEN and Seamless Protocol's native token SEAM, the latter of which is the first Base-based token listed on Coinbase. Seamless Protocol is a decentralized financial platform built on Base and a fork of decentralized liquidity protocol Aave v3. This new altcoin lending platform creates a supply market for DEGEN and SEAM and allows its holders to earn platform rewards. A core contributor to Seamless Protocol said: "An important factor driving Base's recent growth is the rise of altcoin and meme communities. These projects and community members are looking for more token utility, and by providing altcoin lending on Seamless, in the long run, holders can borrow other DeFi assets such as stablecoins or Ethereum while holding these tokens." (The Block)