[DeFi Lending Protocol Seamless Protocol Announces Shutdown] Seamless Protocol has officially announced the shutdown of its Base chain DeFi lending protocol, which has been in operation for over two and a half years. Users must withdraw their assets through the protocol UI by June 30, 2026 (UTC+8). After the deadline, withdrawals will require manual interaction with the contract and will not receive technical support. The team stated that the reasons for the shutdown include the leverage tokens failing to find market fit, insufficient liquidity in the lending market, and interest rate volatility eroding returns. They also pointed out that the DeFi market trend has shifted toward actively managed vaults, which diverges from their product positioning. The team will submit a governance proposal to allocate the remaining DAO treasury assets to SEAM token holders.