Seamless, the DeFi lending protocol, has made a groundbreaking move today by announcing the migration of its entire infrastructure to Morpho, a decentralized lending protocol managing over $500 million in liquidity on the Coinbase-incubated Base and an enormous $2.4 billion on Ethereum. This strategic transition, which was duly approved by the Seamless DAO in the early part of 2025, effectively transforms Seamless into a “platformless” DeFi venue that is built on Morpho’s permissionless infrastructure.
Seamless Co-Founder and CTO, Wes Frederickson, elaborated on this significant move by stating, “We’re using existing liquidity to fuel future product developments such as Leverage Tokens which tap into Base liquidity sources.” Frederickson further underscored the uniqueness and potential of this move by adding, “As the first to go fully platformless, we’re proving that less infrastructure means more value for borrowers. This is Seamless 2.0.”
The endorsement and support for Seamless’s vision are not confined to its own team. Paul Frambot, co-founder and CEO of Morpho Labs, echoed these sentiments and expressed strong confidence in the partnership. Frambot stated, “Seamless’s vision is backed by Morpho’s permissionless and immutable infrastructure. The Morpho Stack allows the Seamless team to focus on product innovation and growth.”
With an ecosystem serving over 200,000 wallets and managing a total value locked (TVL) of $70 million, Seamless is carving out a significant niche in the DeFi market. The platform’s product roadmap for 2025 is even more ambitious, featuring leverage tokens, an expanded range of borrowing products, and the integration of real-world assets.
The partnership between Seamless and Morpho follows another strategic alliance forged earlier this year. In January, crypto giant Coinbase reintroduced Bitcoin-backed loans through a partnership with Morpho’s DeFi platform. This move allows users to borrow up to $100,000 in USDC, providing more flexibility and financial options for users.
The migration of Seamless to Morpho represents a significant evolution in the DeFi lending space. By going platformless and leveraging the power of Morpho’s permissionless infrastructure, Seamless is charting a course towards a more efficient, innovative, and user-centric DeFi ecosystem. This move not only underscores the growing influence of DeFi protocols but also highlights the increasing interconnection between various DeFi platforms and products. As the DeFi sector continues to grow and evolve, it’s clear that seamless (no pun intended) integration and collaboration will be key to future success.
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