Share this article
Seamless Protocol Issues SEAM, Bags First Base-Blockchain Token Listing on Coinbase
Seamless previously operated the "OG Points" program, allowing thousands of users to earn points in their on-chain wallets.
Updated Apr 9, 2024, 11:09 p.m. Published Dec 11, 2023, 5:00 p.m.
Seamless Protocol, a project on Coinbase's Base ecosystem, issued governance tokens that will trade on the crypto exchange with the ticker SEAM starting at 18:00 UTC Monday.
Seamless is a lending and borrowing protocol. It is among the top platforms on the layer-2 blockchain, with a total value locked (TVL) of over $10 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
SEAM will be the first Base token listed on Coinbase. It was airdropped to users based on their involvement on the Seamless platform, such as funds supplied to and borrowed from the various trading pools. There was no public or private sale of SEAM tokens.
Seamless previously operated the “OG Points” program, allowing thousands of liquidity suppliers, borrowers, and staking farmers to earn points in their on-chain wallets. These points have now been converted into tradeable tokens.
Seamless Protocol was developed as a collaboration among several contributors hailing from diverse Web3 backgrounds, including Aave, Uniswap, Coinbase, Maple Finance, CertiK and Ampleforth, among others.
Its key product is Integrated Liquidity Markets (or ILMs), which echo the concepts of specific-purpose loans – such as car loans or home mortgages. These loans offer better terms than more general-purpose ones, but the funds may only be used for predetermined purposes, such as borrowing certain tokens or staking.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
