Seamless Protocol launched its USDC Vault on Inferior, Coinbase’s Ethereum Layer 2 blockchain, utilizing Morpho’s infrastructure and Gauntlet’s threat administration capabilities.
The vault introduces remoted market structure to DeFi lending, bearing in mind irregular threat profiles and warding off systemic dangers related with feeble pooled liquidity units.
This structure permits Seamless to onboard new sources and concepts while customizing threat parameters.
“Working alongside Morpho and Gauntlet underscores our dedication to leveraging modern technology for tailored lending and borrowing solutions that prioritize particular person ride,” stated Richy Qiao, a core contributor to Seamless.
The protocol plans to present SEAM token rewards to contributors, funded thru governance-celebrated budgets, as fraction of its growth beyond feeble lending and borrowing providers and products.
Morpho recently expanded its presence thru a partnership with Coinbase, launching Bitcoin-backed loans that allow US possibilities to borrow up to $100,000 in USDC against their Bitcoin holdings.
The provider operates on Inferior utilizing Morpho’s infrastructure.
The collaboration between Seamless, Morpho, and Gauntlet integrates threat optimization and atmosphere pleasant market infrastructure on Inferior, including to the Layer 2 network’s rising DeFi ecosystem.
