Seamless: Announcing Liquidity Mining Program
🚀 Buckle up! The Seamless Protocol Liquidity Mining program will begin on Monday, December 11, 2023 @ 12:01 PST / 20:01 UTC!
Seamless has very quickly risen to become one of the Top 3 native Base apps by TVL, and things are just getting started 🎉!
Eager to get started ⏰? Any funds already supplied/borrowed on Seamless will be automatically eligible to receive Liquidity Mining rewards when the program begins.
🧑🌾 What is Liquidity Mining & what is the purpose?
This is the process of rewarding users for providing liquidity or doing other useful tasks within the ecosystem. In the case of Seamless, this means that users will earn boosted rewards, simply by supplying and/or borrowing tokens on Seamless!
Because users are putting in time and effort to use Seamless to make the platform better and better, the protocol is rewarding them for their efforts. In web3, a protocol is only as strong as its community, so Seamless Protocol aims for this Liquidity Mining program to grow more and more power users who will become intimately familiar with the protocol. As these users expand, the community will continue to strengthen and ensure the perfect environment for making decisions about the future of Seamless, using their firsthand experiences to guide future updates.
🏃 How do I get started?
If you’re currently using Seamless, you’ve already gotten started! As long as you’re supplying into any of the markets (ETH, cbETH, USDbC, native USDC, DAI, with many more to come), you’ll automatically be earning rewards when the Liquidity Mining program begins! Additionally, you’ll also be earning rewards if you’re borrowing tokens as well.
To learn how to supply and borrow, check out the Step-by-Step guides here.
🔵 New to Base?
Welcome! Follow this Step-By-Step guide to swap your crypto from any chain onto Base. In this guide, you can better understand how to bridge, swap, and supply liquidity onto Seamless Protocol.
👀 Where can I view the boosted rewards rate?
At app.seamlessprotocol.com/markets/, on both the Dashboard and Market pages, you’ll be able to see a boxed % reward rate for each asset market’s Supply and Borrow side. The number in the box is the rate of your Liquidity Mining rewards.
Each Asset has its own boosted reward rate for suppliers and for borrowers that is shared among the participants based on the respective value they’ve supplied/borrowed. As a result, the respective rates may change based on the total value locked into each market.
🤲 How do I claim my Liquidity Mining rewards?
In the Dashboard tab, you’ll see a button labeled `CLAIM` at the top of your page.
Click this button to claim any Liquidity Mining rewards you may have accrued by contributing to Seamless!
Disclaimer
Any information provided is for general information purposes only, and does not constitute investment advice, financial advice, trading advice, recommendations, or any form of solicitation. No reliance can be placed on any information, content, or material stated on this website/publication. Accordingly, you must verify all information independently before utilizing Seamless Protocol, and all decisions based on any information are your sole responsibility, and we shall have no liability for such decisions. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Read through the full terms and conditions here.
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
