Base-based Lending Protocol, Seams, Launches Altcoin Lending Service

IconCrypto News Terminal22 Apr, 2024

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Base-based Lending Protocol, Seams, Launches Altcoin Lending Service

As reported by The Block, Seams (SEAM), a Base-based lending protocol, has launched a dedicated lending service for altcoins. Initially supporting DEGEN, the native token of the Syndicate DAO infrastructure platform, and SEAM, the native token of the Seams protocol, the platform plans to expand the range of supported tokens for lending in the future. According to Seams, the launch of the altcoin lending service was driven by the recent growth of meme coins and related communities, presenting an opportunity to improve capital efficiency as opposed to holding assets solely in the form of tokens. Previously on April 22, 2024, Seams launched a dedicated lending service for altcoins, initially supporting DEGEN and SEAM tokens.

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