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.
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