According to Wu Blockchain, the Base ecosystem DeFi lending protocol Seamless Protocol has announced the initiation of its shutdown process. The front-end interface will go offline on June 30, 2026, and the team will cease support at that time. The project team reminds users to complete asset withdrawals, leveraged token redemptions, and SEAM unstaking before then. The team stated that the closure is primarily due to the leveraged token product failing to find product-market fit (PMF), along with insufficient borrowing liquidity and narrowing yield margins in the DeFi lending market, which have made it difficult for the protocol to establish a sustainable revenue model. Remaining DAO treasury assets will subsequently be allocated to SEAM holders through governance proposals. https://(wublock123.com)/news/seamless-protocol-shutdown-june-30-due-to-low-pmf-and-tightened-lending-liquidity-59243