Seamless Product Roadmap Update: From Pilot to Scale
The first half of 2025 was a decisive period for Seamless. The protocol strengthened its foundation with a major product launch (Leverage Tokens, but you already know that), validated product demand with the first ever Leverage Token, and introduced Tokenomics v1.0.
Just as importantly, lessons have been learned from experiments that clarified where the focus should be. Moving into the second half of 2025, the goal is sharper: deliver on the promise of Leverage Tokens at scale, double down on Ethereum mainnet, and improve the user and partner experience with stronger analytics, integrations, and curated pathways for growth.
Morpho Dominance and the Base Testing Ground
Seamless achieved a number of milestones in the first half of the year that showcased both its technical progress and growing role in the DeFi ecosystem. The launch of Morpho Vaults for USDC, cbBTC, and WETH showed strong traction right out of the gates, becoming the largest grouping of vaults on Based Morpho for extended periods of time.
Due to the success of the Morpho Vaults, the costlier legacy lend/borrow platform was successfully sunset to save time, energy and resources. In parallel, experimental integrations with Aera Vaults for an Aerodrome POL strategy, and creation of a Balancer Boosted Pools for the Seamless Morpho USDC Vault LP token expanded use cases, utility and brought deeper technical and partnership learnings.
Then, Tokenomics v1.0 introduced the Safety Module and staked SEAM (stkSEAM), giving the community a path to support protocol resilience and get rewarded for their efforts. Perhaps most important, Leverage Tokens were coded, audited by Cantina and Sherlock, and launched on Base with an inaugural WeETH/WETH looping strategy.
Alongside these milestones, Seamless kept community engagement strong, launched the brand mascot Seamus, which has been celebrated by the community (he’s a good boy), and started monthly calls and weekly programming. The Base launch, though successful as a test, underscored that Ethereum mainnet is the deeper, more sustainable growth environment for DeFi adoption and scale. And that’s where LTs are headed.
Why Ethereum Mainnet Is Next
Not every avenue pursued in H1 became a long-term priority. Strategies tied specifically to Base, such as automated POL strategies built on-top of Aerodrome vAMM and CL-AMM pools, showed potential but will remain deprioritized due to a renewed focus on Ethereum mainnet. Similarly, we see huge need, growth, and demand for looping-related features, so the team is prioritizing core looping strategies and will expand those Leverage Tokens as they gain stronger adoption.
Tokenomics v2.0, initially targeted for rollout this year, has also been moved into research, where insights from v1 can guide a more thoughtful future redesign. AI Agent research, via Project Zeta, although extremely interesting and informative, still has not created a proven case for value-add to the Seamless ecosystem. So the team will focus on Leverage Tokens, but are closely monitoring and willing to revisit AI-related tech as the space develops.
A community points program was deemed to be premature, as deeper research showed that only select points programs result in positive ROI for the DAO and token, and usually require a more mature token and product ecosystem. As such, points program development will be back burnered for now.
Leverage Token DeFi integrations are under development and will continue under development with integrations likely finishing in Q3/Q4, but will need to progress as Leverage Tokens gain traction on Ethereum mainnet. The team learned that integrating with DEX aggregators and solver networks provides a more efficient way for users to enter, exit, and trade Leverage Tokens. This approach proved more effective than focusing on the direct tradeability of the tokens themselves.
These adjustments point to a clear conclusion: Seamless’s resources and momentum are best invested by focusing on getting Leverage Tokens onto Ethereum mainnet, where liquidity depth, institutional demand, and infrastructure support are strongest.
H2 2025 Priorities
The roadmap for the second half of the year is built around disciplined execution. Three priorities define the path forward:
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Deliver Leverage Tokens on Ethereum mainnet at scale.
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Expand analytics and performance tools to give users and allocators transparency.
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Form partnerships with allocators and curators to drive adoption and institutional credibility.
Supporting these pillars, the team will continue to refresh the front-end for a polished Mainnet-first experience, integrate solver networks such as CowSwap to make user entry and exit more seamless, and prepare new looping strategies including stablecoin-focused options. Work on rebalance adapters, lending protocol integrations, and collateral auto-compounders will also advance.
Roadmap: Q3, Q4 and Beyond
In Q3, Seamless will completely rebuild its UI with a fresh, modern design optimized for a multi-chain experience and release an advanced Leverage Token analytics dashboard while re-auditing and deploying Leverage Tokens on Ethereum mainnet. Allocator outreach has already begun, with the goal of channeling institutional attention into Leverage Tokens. The initial Ethereum mainnet Leverage Token(s) should be launched by quarter end, along with new content from an internal simulation tool that should be completed. The front-end refresh will make these products more accessible, while solver integrations will simplify entry and exit into positions.
By Q4, the focus shifts to scaling. ETH and stablecoin-based Leverage Tokens will be expandedand initial token creation interfaces should be in progress, accompanied by clear documentationand refined over time. Flash-loan helpers and tokenomics v2.0 design options will remain in the backlog, with resourcing depending on other priority progress, as such any progress on this initiative will be communicated as it happens.
Bullish Leverage Tokens
Seamless enters the second half of 2025 with a clear mandate: focus where demand and liquidity are strongest, and execute with discipline. The lessons of H1 reinforced that Ethereum mainnet is the arena where Seamless can have the most immediate and lasting impact.
By concentrating on Leverage Tokens, analytics, and allocator partnerships, Seamless is poised to move from pilot validation to scaled adoption. Meanwhile, research into configurability and tokenomics ensures that innovation is not lost, only paced responsibly.
This narrowed, pragmatic strategy sets Seamless on a path to deliver meaningful impact in DeFi, serving users, attracting institutional capital, and reinforcing its reputation as a builder of resilient, forward-looking financial infrastructure.
Based on the opportunity ahead and lessons learned so far, Seamless Protocol’s Leverage Tokens can become a >$1bn TVL DeFi primitive, and that is a goal the core contributors have set and are steadily marching towards.
Build with Seamless: Follow @SeamlessFi for daily updates and alpha. Join our Discord to talk directly with the team building Leverage Tokens.
We’re hiring: Looking for DeFi-native engineers and growth operators who want to simplify leverage for everyone. DM us or check out the roles the team is looking for.
