Introducing the Seamless cbBTC Vault

Project and Asset Integrations
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Morpho Seamless Vault - cbBTC
Morpho Seamless Vault - cbBTC1920×1080 158 KB

Hello Seamless community,

Gauntlet is pleased to build on the success of Seamless USDC with the launch of Seamless cbBTC on Morpho’s Base deployment.

As noted in our introductory forum post, we believe that Seamless Morpho Vaults can bring a range of benefits to the Seamless community and pave the way for advanced lending vaults, offering versatility, risk-adjusted yield, and robust user capital efficiency.

Below, we outline the vault and market parameters for the Seamless cbBTC Vault.

Seamless cbBTC Vault Parameters

Vault name: Seamless cbBTC Vault

Vault ticker: smcbBTC

Vault performance fee: 15%

Description: The Seamless cbBTC Vault curated by Gauntlet is intended to optimize risk-adjusted yield across high-demand collateral markets on Base. Learn more about Seamless’s Gauntlet curated Vaults curations in the forum.

Seamless cbBTC Vault - Market Params

LBTC/cbBTC Market

Loan token: cbBTC - 0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf

Collateral token: LBTC - 0xecAc9C5F704e954931349Da37F60E39f515c11c1

Oracle: Redstone LBTC/BTC - 0x9Ae0E86e88AEE94B700240eBE0BD17D969BAD0EA

IRM: Adaptive Curve IRM - 0x46415998764C29aB2a25CbeA6254146D50D22687

LLTV: 94.5%

SupplyCap: 200 cbBTC

PT-LBTCMay2025/cbBTC Market

Loan token: cbBTC - 0xcbB7C0000aB88B473b1f5aFd9ef808440eed33Bf

Collateral token: PT-LBTC-29MAY2025 - 0x5d746848005507DA0b1717C137A10C30AD9ee307

Oracle: PT-LBTC/LBTC Linear discount adapter - 0x421722ca925A03E7896084fAF8B397E95ff7A199

IRM: Adaptive Curve IRM - 0x46415998764C29aB2a25CbeA6254146D50D22687

LLTV: 91.5%

SupplyCap: 50 cbBTC

5 Likes
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can’t wait to see this up and running! Fully support

1 Like
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Fully support this and hope that it’s just the beginning

4

This has been a fantastic vault launch!

Did want to propose the transferring of ownership of this vault to Seamless — and ultimately see if Seamless would accept the transfer.

This is in alignment with the precedent set in SIP-39 which passed with support and quorum from the community. Ultimately, this transition would streamline operations, and provide a more cohesive experience for users.

If others here support this same idea of transferring ownership for this cbBTC vault (and also the WETH vault), let’s get an onchain proposal up that allow for Seamless to accept the transfer for this vaults.

Seamless cbBTC Vault Contract Address: 0x5a47C803488FE2BB0A0EAaf346b420e4dF22F3C7
Seamless WETH Vault Contract Address: 0x27D8c7273fd3fcC6956a0B370cE5Fd4A7fc65c18

1 Like
5

I support this! Gauntlet initially deployed this vault on behalf of the Seamless community and has initiated the ownership transfer to the Seamless governance timelock contract. Seamless has already accepted ownership of the USDC vault through SIP39

6

Sounds good - yes I believe we should transfer the ownership to the DAO as was done with the USDC vault

1 Like