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Seamless Protocol Issues SEAM, Bags First Base-Blockchain Token Listing on Coinbase

Seamless Protocol, a project on Coinbase's Base ecosystem, issued governance tokens that will trade on the crypto exchange with the ticker SEAM starting at 18:00 UTC Monday. Seamless is a lending and borrowing protocol. It is among the top platforms on the layer-2 blockchain, with a total value locked (TVL) of over $10 million. SEAM will be the first Base token listed on Coinbase. It was airdropped to users based on their involvement on the Seamless platform, such as funds supplied to and borrowed from the various trading pools. There was no public or private sale of SEAM tokens. Seamless Protocol was developed as a collaboration among several contributors hailing from diverse Web3 backgrounds.

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