Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

Coinbase, the biggest crypto exchange in the US, is listing a new altcoin project built on its proprietary Ethereum (ETH) layer-2.

In a new announcement made through the Coinbase Assets account on the social media platform X, Coinbase announces they are listing Seamless (SEAM).

According to the Seamless website, the crypto project is the first “native, decentralized, non-custodial lending and borrowing protocol” built on the Coinbase-backed layer-2 scaling solution Base.

Project incubator Coinbase says Base is designed to offer a safe, low-cost, developer-friendly way to build on-chain. The layer-2 network is powered by the Optimism (OP) development stack and is compatible with Ethereum, Ethereum layer-2s and alternative EVM chains.

According to Seamless, SEAM is the protocol’s new governance token.

“SeamlessFi is excited to introduce SEAM, the governance token of Seamless, which is Base’s largest native lending protocol!”

Coinbase is listing SEAM as the new governance token is being airdropped.

At time of writing, SEAM is less than 24 hours old, making it relatively volatile, which is why Coinbase is listing the asset under its Experimental Label.

SEAM is currently worth $13.11, down 5.8% from its all-time high of $14.35, reached mere hours ago.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney