Swap between ILMs and Lending positions, Explore the Seamless protocol markets.
Seamless protocol the first base-native DEFI protocol, as a team seek to abide by one of the values within the base ecosystem which is to build and empower builders and also help onboard the next 1 billion users onchain. This summer, the team participated in the Onchain Summer Buildathon calling for builders to build across three different need areas. More details about the buildathon can be found here.
We decided to set out building Seamswap - The first swapping tool in Seamless.
My name is Patrick, I’m currently building Seamswap. We are a team of experienced builders who have worked across Productivity, Logistics, Community tooling, Reputation management tool etc. We bring these years of experience with the goal of delivering a world class experience to the Seamless ecosystem.
Seamswap is a swapping system for ILMs/Lend Markets. Our first release is designed to help users within Seamless protocol easily manage their positions. This allows users swap all or a fraction of their position in a market to another without paying much in form of fees for withdrawal and deposit.
Seamswap seeks to make it possible for users to have the best possible experience across these areas:
ILM/Lending Market Swaps
Simply, with Seamswap, you can now move from sDAI → sBRETT without moving from one defi protocol to another withdrawing, swapping, depositing tokens. It’s as simple as selecting the asset you want to move to and that will be it.
Reduced Fee
With this reduced navigation between defi platform, you definitely reduce the fee/rate differences in swapping across those protocols. In Seamswap all action happens once and you get the best rate for swapping these assets.
Fractionalising Positions
Users within the protocol can decide to move a fraction of their position to another asset, they don’t need to withdraw, and deposit again before they can be able to do that. We simplify this process for them, thereby reducing the fragmentation currently in the ux for that action.
Explore Markets
We are bringing a Seamless-native data dashboard that visualises all transactions and markets to enable users have the right data for decision making. The first version of this is currently very basic, we intend to keep this simple while we adding more useful features.
Currently, users should be able to see their transaction history and protocol wide transaction history. Including market data and their personal watchlist. These are just the beginning of what is ahead.
We are calling on the Seamless army to come check us out and leave us feedback as we keep improving the product and making it super useful for the Seamless community. Get started testing the product here.
Here in the comment section waiting for all feedbacks. This version of the product is still in beta, we’re actively fixing anything that breaks.
