Navigating the Crypto Universe: Seamless Token Swaps with Cross-Chain Bridges
With many different blockchains in the market today, the ability to navigate across these chains often presents challenges for users. Since each chain has its own unique set of tokens, and a variety of apps, users need a one-stop-shop for bridging and swapping, allowing them to seamlessly navigate this expanding crypto universe.
That’s where Squid Router, powered by Axelar, comes in. Squid allows any token to be swapped between different chains, while providing direct access to apps across chains in a single click. Leveraging, Axelar’s robust infrastructure and cross-chain messaging network, Squid makes it easy for users to get from Point A to Point B without having to think about which path to take.
Using Squid, users can bridge their SEAM from Base Chain to Ethereum in just a couple of clicks, making it more seamless for everyone.
*Note: More details around official Base Bridge transfers coming soon. For larger movements of SEAM it is recommended to use the canonical official Base Bridge.
Unanswered questions? Checkout the basic FAQs at the bottom of the article.
A quick guide on how to complete this process👇:
To follow along effectively, a pre-work step is to firstly obtain SEAM. You can do this a few different ways:
a) Buying SEAM on a Centralized Exchange (CEX)
b) Swapping from another token i.e. USDC to SEAM on a Decentralized Exchange (DEX)
c) Liquidity Mining SEAM on Seamless Protocol directly. Currently, there’s an active liquidity mining program, that started on December 11, 2023 — More information about the program can be found here: LINK
*Note: When obtaining SEAM, be sure check which chain it is on before performing any swaps/transfers.
Now that you have your SEAM, go to Squid Router’s App and Connect your wallet.
In the From Section, Select Base as your originating Chain, and select SEAM as your token.
In the To Section, Select Ethereum as your destination Chain, and select SEAM as your token.
Click the Purple Button to give permission to Squid to use these tokens and confirm the transaction and swap in your browser connected wallet.
That’s it! Now isn’t that seamless? For more information on Seamless Protocol and the SEAM token please head to https://seamlessprotocol.com
FAQs ❓
What is Seamless?
Seamless Protocol is the first native decentralized lending and borrowing protocol on Base. Seamless lays the foundation for Modern DeFi, focusing on lower-collateral borrowing and a better user experience to inspire the masses.
What is SEAM?
SEAM is the fair launch utility governance token of Seamless Protocol. With SEAM, the community continues evolving and decentralizing while pursuing its vision to pave the way for modern DeFi.
How To Earn SEAM Tokens
SEAM tokens are rewarded to users of the Seamless Protocol (such as liquidity suppliers or borrowers). To get started, follow this Step-by-Step Guide to Supplying and Borrowing.
The entire Community Liquidity Mining allocation is available for this particular distribution mechanism, with the weightings, amounts and rates of rewards determined through onchain governance and bound by smart contract logic to follow a five year emission schedule.
What are SEAM Tokens Used For?
SEAM tokens are used for governance of Seamless Protocol and its wider ecosystem of smart contracts and community. SEAM tokens are based on OpenZeppelin’s industry-leading smart contracts, inspired by Compound, and must be delegated in order for the voting power to be enabled.
Community members may use SEAM tokens to propose updates to Seamless Protocol, and if certain thresholds are attained, the smart contract changes are automatically executed by timelock Governor contracts.
For more information on how to delegate and utilize SEAM for governance, reference the docs found in the governance section of the gitbook.
Seamless Protocol is the first decentralized, native lending and borrowing protocol on Base. Seamless lays the foundation for the next generation of DeFi, focusing on lower-collateral borrowing and a better user experience to inspire the masses.
Join the community and get plugged in via the following links:
🧑💻 Website: https://seamlessprotocol.com
📱 App: https://app.seamlessprotocol.com
🐦 Twitter: https://twitter.com/seamlessfi
👾 Discord: https://discord.com/invite/Uye9jCVgUp
💬 Telegram: https://t.me/seamless_protocol
