@po4epxx

been digging into Base protocols and stumbled on something that doesn't make sense at first. Seamless lets smart contracts borrow undercollateralized. wait, how? every protocol I've touched makes you lock 150% to borrow 100%. that's the rule. except Seamless said fuck it and built ILMs - whitelisted contracts that borrow without full backing. the play: strategies are hardcoded on-chain. you see exactly what happens to your money. no trust required, just code. $80M TVL, 250K users. built on Aave but solves what Aave couldn't - actual capital efficiency. here's what gets me. everyone's farming memecoins and AI tokens. meanwhile this protocol quietly figured out undercollateralized lending - the thing that separates TradFi from DeFi. banks don't ask for 150% collateral. crypto does because we couldn't solve the trust problem differently. Seamless did. and nobody's talking about it.

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