Degens Max Out Deposit Limit on SeamlessFi Lending/Borrowing Platform

🤯 Degens Swarm New DeFi Pool

By Degen
May 6, 2024, 7:02 PM
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SeamlessFi, a decentralized finance platform, recently opened a lending and borrowing market for the Degen token.​ The Degen community has shown immense interest, maxing out the deposit limit for the new market.​ Currently, the platform is operating in a deposit-only mode as it awaits the onboarding of a price feed oracle to the Degen chain.​ SeamlessFi had previously announced the launch of this market and a partnership with the Degen project, which aims to incentivize quality content creation on the Farcaster social media platform.​

Sources

It looks like Degens have maxed out the deposit limit for the lending/borrowing setup on @SeamlessFi. Appreciate @TheBlock__ for covering the market's opening. It's deposit-only right now as we wait for an oracle to onboard a price feed to the Degen chain.

Seamless Protocol
Seamless Protocol
@SeamlessFi

Seamless launches the first ever altcoin DeFi lending markets on Base! @degentokenbase gonna Degen...caps were maxxed out immediately after the markets opened...more to come with this demand 🎩 Thanks for covering these new markets @TheBlock__ ! theblock.co/post/289721/se…

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Excited to be partnered with @SeamlessFi, working towards opening a lend/borrow market soon. In the meantime, they've launched their own grants program, which is worth exploring.

Seamless Protocol
Seamless Protocol
@SeamlessFi

👏Excited to expand the shelf of the Seamless Community Grants Program! 🤝Partnering with @degen and @Pandora_ERC404 to co-sponsor @base community grants. 🦺If you're a builder building cool tools pls reach out! More coverage here from @Cointelegraph: cointelegraph.com/news/vc-roundu…

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