The DeFi lending protocol Seamless has launched an altcoin lending market on Base, a Layer 2 developed by the crypto exchange Coinbase.

The first two tokens to enter the altcoin lending platform are DEGEN, of Degen Chain and rewarded to effective Farcaster users, and SEAM, the native token of the Seamless Protocol and the first Based-based token listed on Coinbase, according to a release shared with The Block.

The Seamless protocol is a decentralized finance platform built on Base, and it's also a fork of the decentralized liquidity protocol Aave v3. The new altcoin lending platform creates a supply market for DEGEN and SEAM and lets their holders earn platform rewards.

"A massive accelerant to Base’s recent growth has been the rise of altcoin and meme communities," Seamless Protocol …