Seamless (SEAM) is a cryptocurrency that functions as the governance token of the Seamless Protocol. This protocol enables modern decentralized finance (DeFi) by offering an easy-to-use decentralized lending and borrowing platform. It provides both over-collateralized and under-collateralized loans. A key feature of the Seamless Protocol is that it is entirely community-governed and permissionless, with no investor public or private sales, emphasizing a high level of decentralization.
The core functionality of the Seamless Protocol is to facilitate decentralized lending and borrowing. You can lend out your crypto assets to earn interest or borrow against your crypto holdings on the Seamless Protocol.
Unlike many traditional DeFi platforms that only offer over-collateralized loans (where the borrower must provide collateral worth more than the loan amount), Seamless Protocol also offers under-collateralized loans. This feature is relatively unique in the DeFi space and could potentially attract a broader user base.
SEAM, the native token of the Seamless Protocol, is used for governance purposes. Holders of SEAM tokens can participate in decision-making processes regarding the development and changes within the protocol.
