Seamless launches an airdrop and lists SEAM on Coinbase

Seamless announces a airdrop for its native token SEAM. This is the 1st token of a protocol based on the layer 2 Base listed on crypto-bourse Coinbase.

Monday, late afternoon, Seamlessa decentralized online finance project on Base, introduced its governance token SEAM. The crypto-lending protocol has also announced carry out a airdrop.

The Genesis Airdrop rewards Seamless Protocol users and allows them to determine the future governance of the protocol. As part of the Genesis Airdrop, 400,000 SEAM tokens will be distributed,” wrote Seamless on its blog.

Eligible users – those who have participated in DeFi protocol social and on-chain campaigns – now have until March 11, 2024 to claim their free tokens. The project’s total offer includes 100 million tokens.

Launched in September, Seamless is a lending and borrowing protocol built on Base. More precisely, it is a fork of Aave V3. Its TVL has jumped by over 500% in the last 24 hours to $60 million, according to data from Defillamamaking it the second most important layer 2 protocol launched by Coinbase earlier this year.

At the same time, the Californian crypto exchange announced the arrival of the token on its platform. ” Seamless (SEAM) is now available on coinbase.com and in iOS and Android apps with the Experimental label, indicated the company on X.

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The token is currently trading at around $12, up just over 30% since listing. SEAM is the first Base token listed on the San Francisco-based exchange.

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