Accidental protocol launching USDC Morpho Vault on Base

Key Takeaways

Seamless Protocol launched USDC Vault on Base using Morpho and Gauntlet technology.
Participants in Seamless's USDC Vault will receive SEAM rewards as part of the protocol's regulatory approved incentive program.

Seamless Protocol launched the USDC Vault on Base, Coinbase's Ethereum Layer 2 blockchain, using Morpho's infrastructure and Gauntlet's risk management capabilities.

The vault introduces a decentralized marketplace architecture to DeFi lending, allowing for unique risk profiles and avoiding systemic risks associated with traditional pooled liquidity models.

This structure enables Seamless to onboard new assets and strategies while streamlining risk parameters.

“Partnering with Morpho and Gauntlet reinforces our commitment to leveraging innovative technology for unique lending and lending solutions that prioritize the customer experience,” said Richy Qiao, a key contributor to Seamless.

The protocol intends to offer SEAM token awards to partners, funded through management-approved budgets, as part of its expansion beyond traditional lending and borrowing services.

Recently Morpho expansion its presence through a partnership with Coinbase, launching Bitcoin-backed loans that allow US customers to borrow up to $100,000 in USDC against their Bitcoin holdings.

The service works on Base using the Morpho infrastructure.

The collaboration between Seamless, Morpho, and Gauntlet integrates risk optimization and efficient market infrastructure on Base, contributing to the growing DeFi ecosystem at the Layer 2 network.