Lending and borrowing protocols play a crucial role in decentralized finance (DeFi) ecosystems, facilitating the efficient allocation of capital through peer-to-peer transactions. One notable player in this space is Seamless Protocol, operating on the Layer 2 blockchain, specifically the Base network. Unlike traditional protocols, Seamless focuses on community governance and fair launches, setting it apart in the DeFi landscape.

$SEAM and How Does it Differ from its Competitors

$SEAM is the governance token of Seamless Protocol, embodying both utility and governance functions within the ecosystem. The key differentiator for $SEAM lies in its unique fair launch approach, where there were no public or private sales. Instead, the project initiated a fair launch airdrop, rewarding various ecosystem participants with non-transferable "OG Points." These points enable customization of loan terms and eligibility for future airdrops. This stands in contrast to competitors who often opt for conventional token distribution methods.