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Seamless Protocol launches leverage token on Ethereum mainnet
Seamless Protocol has deployed Leverage Tokens in the form of ERC-20 on the Ethereum mainnet, providing automatic access with just one click for leveraged DeFi strategies.
These tokens encapsulate complex circular borrowing strategies within the standard ERC-20 structure, allowing users to easily engage in advanced DeFi positions without manual intervention.
Two new partners will soon implement a strategy using Leverage Token to expand on-chain liquidity provision capabilities. The entire system has been audited for security by Cantina before launch, ensuring safety and integration capabilities for DeFi applications on Ethereum.