Seamless Protocol to introduce leveraged tokens on Ethereum mainnet this week
Key Takeaways
- SeamlessFi has introduced Leverage Tokens as ERC-20 tokens on Ethereum mainnet.
- Leverage Tokens provide automated, one-click access to leveraged DeFi strategies.
Seamless Protocol introduces leverage tokens on the Ethereum mainnet this week, bringing capital-efficient DeFi strategies to users through automated ERC-20 tokens.
Leverage Tokens, a Seamless Protocol innovation, enable one-click access to leveraged DeFi positions through tokenized strategies on Ethereum. The tokens encapsulate complex looping strategies within standard ERC-20 infrastructure for simplified user interaction.
Seamless Protocol has deployed Leverage Token smart contracts on Ethereum mainnet, delivering strategy automation directly to users via simple tokens. Two new partners are set to launch Leverage Token strategies on the network, enhancing looping capabilities for deeper onchain liquidity access.
Cantina conducted a security audit of the Leverage Token mainnet deployment, focusing on infrastructure for DeFi strategy automation within ERC-20 tokens. The launch expands composability for Ethereum-based dapps with tokenized leverage features for seamless integration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: S&P's Lower Rating of Tether Sparks Tensions Between Crypto and Traditional Finance
- S&P downgraded Tether's USDT to "weak," citing 5.6% Bitcoin exposure and opaque reserves, sparking debate among Chinese traders reliant on the stablecoin for illicit activities. - Tether CEO Paolo Ardoino dismissed the downgrade, highlighting $181.2B in reserves including $9.9B in Bitcoin and $12.9B in gold , while framing criticism as resistance to decentralization. - BitMask's RGB20 protocol enabled Bitcoin-native programmability, with Tether planning stablecoin issuance on the network to inject $174.4
Deciphering Astar 2.0: Could This Be the Upcoming Major Driver for Blockchain Investments?
- Astar Network's Astar 2.0 (2025) introduces Tokenomics 3.0, capping ASTR supply at 10.5B to create scarcity-driven value aligned with institutional ESG priorities. - The upgrade enhances cross-chain interoperability via Plaza platform, enabling seamless asset transfers across Ethereum , BSC, and Polkadot ecosystems. - Strategic partnerships with Sony , Toyota , and Japan Airlines demonstrate blockchain's real-world utility in logistics, entertainment , and enterprise integration. - Governance reforms and
Crypto Burn and Upgrade Drive New Excitement for December
In Brief December brings significant developments for cryptocurrency enthusiasts, including critical altcoin upgrades. REZ Coin's team confirmed regular coin burns to positively impact their community. VeChain's Hayabusa upgrade introduces innovative NFT-based staking and governance changes.
ZEC drops 4.8% after Grayscale submits initial Zcash ETF application in the U.S.
- Grayscale files first U.S. Zcash (ZEC) spot ETF application with SEC, seeking to convert its Zcash Trust into a tradable fund. - ZEC has surged 1,000% YTD, with over 30% of transactions now processed via privacy-focused shielded pools, signaling growing institutional interest. - The ETF would align ZEC with major cryptocurrencies in tradable product availability, potentially boosting adoption amid broader crypto market struggles. - Analysts highlight ZEC's outperformance vs. BTC/ETH and regulatory progre
Trending news
MoreCrypto prices
More
