# Seamless 2.0 Powered by Morpho

By [Morpho](https://paragraph.com/@morpho) · 2025-04-03

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In early 2025, Seamless migrated a majority of its Earn infrastructure to Morpho Vaults, launching [Seamless USDC Vault](https://app.morpho.org/base/vault/0x616a4E1db48e22028f6bbf20444Cd3b8e3273738/seamless-usdc-vault), [Seamless WETH Vault](https://app.morpho.org/base/vault/0x27D8c7273fd3fcC6956a0B370cE5Fd4A7fc65c18/seamless-weth-vault), and [Seamless cbBTC Vault](https://app.morpho.org/base/vault/0x5a47C803488FE2BB0A0EAaf346b420e4dF22F3C7/seamless-cbbtc-vault).

To address the drawbacks of Seamless’s existing smart contract technology — an Aave V3 fork — and to fulfill [Seamless' vision for 2025 and beyond](https://seamlessprotocol.discourse.group/t/gp-what-drives-seamless-core-beliefs-vision-future/584), the Seamless DAO recently passed [a proposal](https://seamlessprotocol.discourse.group/t/gp-maximizing-borrower-value-why-the-move-to-morpho-matters/930) to migrate its entire lending and borrowing infrastructure to Morpho.

Seamless joins Spark, Moonwell, Compound, Index, and other DeFi protocols building lending and borrowing use cases on Morpho's infrastructure.

### **Growth of Seamless Vaults**

Liquidity in the Seamless vaults has grown rapidly from $0 to $70M, despite market downturns in just a matter of few months. These deposits now constitute a significant portion of Seamless’s total protocol TVL.

![Data Source: DeFiLlama](https://storage.googleapis.com/papyrus_images/40de182facf7e16db1947bf51c7a40a3ac1895c37d84dd3b47e8119ab7df996d.png)

Data Source: DeFiLlama

### **Enabling the Seamless vision**

After launching 18 months ago as Base's first native lending and borrowing protocol, Seamless sought new opportunities for growth in late 2024.

[Seamless migrated its Earn infrastructure to Morpho Vaults](https://x.com/SeamlessFi/status/1881431480196333994), leveraging Morpho’s existing network effect on Base, and successfully boosted its growth.

![](https://storage.googleapis.com/papyrus_images/178bcc5793bfe0aea50aaef18d3bc21f4f4ac2bb5d4dae034455b97280f2f91e.png)

The [migration proposal](https://seamlessprotocol.discourse.group/t/gp-maximizing-borrower-value-why-the-move-to-morpho-matters/930) further commits Seamless to building on Morpho, aiming to leverage Morpho’s infrastructure to enhance core offerings like lending, borrowing, SEAM staking, and their recently announced 2025 Prodcut Roadmap centerpiece [Leverage Tokens](https://x.com/SeamlessFi/status/1902451468415987889), ERC20s that tokenize advanced leverage strategies and make them tradable in one-click.

*   SEAM stakers will earn a portion of fees from Seamless Vaults on Morpho.
    
*   Leverage Tokens will access liquidity directly from Morpho.
    

![](https://storage.googleapis.com/papyrus_images/224d135111fc172573a596a74d0d9ef22b476a4152c67b05f75f842765aabde3.png)

### **Migrating to Morpho**

Seamless originally built its infrastructure by forking AAVE v3, a decision which presented several challenges over time, as detailed by active Seamless Community member Ras [here](https://seamlessprotocol.discourse.group/t/gp-maximizing-borrower-value-why-the-move-to-morpho-matters/930):

*   High fixed costs ($30K/month)
    
*   Significant engineering upkeep
    
*   Limited user yields due to strict borrowing limits
    

Migrating to Morpho’s permissionless and governance-minimized infrastructure reduces maintenance costs and externalizes risk management to risk curators such as [Gauntlet](https://x.com/gauntlet_xyz/status/1881432855055925696).

This shift allows Seamless to prioritize growth and product innovation.

### **Leveraging Existing Network Effects**

Building on Morpho allows Seamless to access the leading lending protocol on Base, which currently holds over $800M in liquidity ([source: DefiLlama](https://defillama.com/protocols/Lending/Base?borrowed=true)).

Additionally, Seamless Vaults can help fulfill the borrowing demand of [Coinbase's crypto-backed loans](https://x.com/MorphoLabs/status/1879903267146309805) while Leverage Tokens can access liquidity from Morpho and other projects that are powered by Morpho, such as [Moonwell's lending vaults](https://x.com/MoonwellDeFi/status/1853817416519987287).

Within 1 month of launching Seamless Vaults on Morpho, deposits grew from 0 to $70M, underscoring the benefits of building within the Morpho Ecosystem.

As Base and Morpho's ecosystem matures, Seamless will further benefit from expanding liquidity and user growth.

### **Focus on Product & Growth**

A key advantage of migrating to the Morpho Stack is freeing the Seamless team from infrastructure maintenance, enabling a sharper focus on executing [the Seamless Roadmap for 2025 and beyond](https://x.com/SeamlessFi/status/1899912753520808419).

Post-migration, the Seamless team will concentrate on expanding borrowing products, exploring real-world asset integrations, and delivering greater value to SEAM DAO and token holders.

### **Build on the Morpho Stack**

![](https://storage.googleapis.com/papyrus_images/156305773ef6ee84f9692e00c11a6efafa2f5073ddc08ec6c9111d35391c9bbb.png)

Projects benefit from building on Morpho's infrastructure through reduced maintenance overhead, shared liquidity, and proven tech stack.

If your project is considering building on Morpho, get in touch via [growth@morpho.xyz](http://mailto:growth@morpho.xyz/).

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*Originally published on [Morpho](https://paragraph.com/@morpho/seamless-2-0-powered-by-morpho)*