Seamless Protocol Launches Leverage Tokens on Base for Automated DeFi Strategies

Seamless Protocol has introduced a new feature called Leverage Tokens on the Base platform. These tokens are designed as ERC-20 assets that incorporate automated DeFi strategies, combining functions such as collateral, lending, swaps, and rebalancing into a single token. This innovation allows users to access complex financial strategies without the need for manual management.

The Seamless Protocol, which was launched in 2023 as Base’s first native lending and borrowing platform, has seen significant growth. It currently supports over 250,000 wallets and maintains more than $100 million in total value locked (TVL). In early 2025, the protocol transitioned to Morpho’s permissionless lending infrastructure, further enhancing its capabilities.

The new Leverage Tokens are built upon the protocol’s Integrated Liquidity Markets (ILMs), which were launched in 2024 and attracted over 6,500 users. These tokens offer a streamlined way for users to engage in DeFi strategies, making them more accessible to a broader audience.

The first Leverage Token to debut on Seamless is a 17x yield loop built on Ether Fi’s weETH/ETH staking pair. By simply holding this token, users gain exposure to amplified ETH staking rewards while earning ecosystem points from Ether Fi and Eigenlayer. This eliminates the need for users to manage the underlying loop, borrow, swap, or manually rebalance their assets. The entire strategy is embedded in the token’s logic and maintained on-chain by Seamless’s leverage engine.

The tokens utilize a modular system comprising Collateral Adapters, Lending Adapters, and Rebalance Adapters. This system manages assets, connects to capital sources, and automates leverage adjustments. As standard ERC-20 tokens, they can be traded, used as collateral, or integrated with other DeFi protocols on Base, providing users with flexibility and ease of use.

This launch represents a significant step forward for the Seamless Protocol, offering users a more efficient and user-friendly way to engage with DeFi strategies. By packaging complex financial strategies into simple, tradable tokens, Seamless is making DeFi more accessible and appealing to a wider audience. The introduction of Leverage Tokens on Base is expected to drive further adoption and growth for the protocol, as users seek out innovative and convenient ways to participate in the DeFi ecosystem.