Seamless Protocol

Lend, Borrow and Earn with Seamless Leverage Tokens. Advanced DeFi strategies, simplified. Now live on @Base and @Ethereum

[Seamless Protocol @SeamlessFi]

https://t.co/7nIu7zqENC

[Seamless Protocol @SeamlessFi]

More information on the resolv exploit can be found here: https://t.co/afNhwFkeqN

This is the end of official Seamless-comms within this thread.

[Resolv Labs @ResolvLabs]

This notice is issued on behalf of Resolv Digital Assets Ltd. in relation to the Resolv protocol.

Earlier today, a malicious actor gained unauthorized access to Resolv infrastructure through compromised private key, resulting in the minting of approximately $80M of uncollateralized USR. A full post-mortem is currently in progress and will be shared once completed.

The incident was identified quickly, and the relevant smart contracts were promptly paused. Approximately 9M USR held by the attacker has since been burned in order to reduce the potential impact.

The protocol currently holds approximately $141M in assets, with the only realized impact identified to date being approximately $0.5M in redemptions processed prior to the pause.

Current USR supply consists of 102M pre-incident USR and approximately 71M newly and illicitly minted tokens.

As an initial step in the recovery process, we are preparing to enable redemptions for all pre-incident USR, beginning with allowlisted users. The current target start date is 23 March 2026. Affected users should coordinate directly with RDAL through official channels.

This incident resulted from unauthorized third-party actions, including a targeted infrastructure compromise and cyberattack. Resolv’s underlying collateral was not directly compromised.

We are actively:
 • tracing and seeking to contain illicitly minted USR and other affected assets
 • coordinating with partners and counterparties
 • working with law enforcement and onchain analytics firms to identify those responsible

We will pursue all available avenues to recover assets and hold those responsible accountable.

We strongly advise against trading USR or related Resolv tokens at this time while recovery measures are being implemented. Actions of users during post-exploit period may affect the recovery.

Further updates regarding illicit USR, and RLP will be communicated in the near term.

[Seamless Protocol @SeamlessFi]

Seamless Users & Community:
As you may be aware, one of Seamless partners, Resolv Protocol, was recently exploited. This incident affected Seamless protocol and users in two primary ways:

1. RLP / USDC 6.75x Leverage Token: holders experienced losses due to the depeg of RLP (Resolv’s yield-bearing token). Affected users should stay up to date with latest information from Resolv directly on when and how to redeem RLP.

2. Seamless USDC Vault on Morpho was impacted due to its exposure to the USR/USDC market, resulting in some accrued bad debt. Our risk curator, Gauntlet, is actively working with the Resolv team on a remediation plan, please refer to their latest update. We want to assure users that core contributors and the DAO's top priority is to mitigate the Morpho Vault-related bad debt losses associated with this incident. A compensation and/or bad debt absorption plan will be proposed in the near future for discussion and governance vote. The exact details will be determined after the conclusion of ongoing discussions between Resolv and Gauntlet.

Please stay tuned for more updates (via Discord or Twitter).

[Gauntlet @gauntlet_xyz]

So far, Resolv has not issued a remediation plan following its exploit. We continue to pursue all avenues for full recovery.

To minimize the impact, we conducted market removal actions on the vaults below following timelocks. If we are able to realize recoveries from this incident, we expect to set up a claim contract for affected suppliers.

- USDC Core on mainnet (v1): wstUSR/USDC market removed, $7.6M liquidity

The following vaults will be deprecated with no new supply permitted:

- USDC Frontier (v1.1): wstUSR/USDC,
PT-RLP-9APR2026/USDC, and RLP/USDC markets removed, $4.3M liquidity

- Resolv USDC (v1.1): RLP/USDC, USR/USDC, wstUSR/USDC markets will be removed after the 3-day timelock

- Seamless USDC (v1.1): USR/USDC market removed

- Extrafi XLend USDC (v1.1): USR/USDC market removed

[Seamless Protocol @SeamlessFi]

@cantinaxyz @openclaw Love the swift development cycles 🦞

[Seamless Protocol @SeamlessFi]

@iamheci FUN FACT: If your Eth isn't working for you, you're missing out.

[Seamless Protocol @SeamlessFi]

Class is in session. 🎓

Today's topic: Looping 🔁
Think of it as a way to increase your collateral exposure.

To illustrate, let's look at the wstETH / ETH 25x LT 🎨

Step 1: Provide your initial collateral, wstETH.
Step 2: Borrow ETH against it.
Step 3: Swap that ETH for more wstETH aka "looping". With the larger collateral base, you can borrow more and repeat.

LTs execute this looping automatically via a flash loan.

No dozen manual transactions.
No repeated gas fees.
No stress trying to size exposure.

Your pick: manual looping, or simple 1-click leverage with LTs?

[Seamless Protocol @SeamlessFi]

https://t.co/Fpgkx3UNtb

[Seamless Protocol @SeamlessFi]

The text based AMA starts in 1 hour! ⏱️

Only in Discord

Link below 👇

[Seamless Protocol @SeamlessFi]

@infiniFi Good look, better yield.

[Seamless Protocol @SeamlessFi]

https://t.co/Fpgkx3UNtb

[Seamless Protocol @SeamlessFi]

Text AMA in 24 hours

Come hang

Ask anything
or just lurk 👀

Link in replies

[Seamless Protocol @SeamlessFi]

@naiivememe Men with LTs: Marry me pls.

[Seamless Protocol @SeamlessFi]

Think OpenClaw, but for ETH. Make your ETH work overtime.

Lets explore the weETH / WETH 17x LT on @base.

This LT loops staking yield from @ether_fi, capturing the spread between staking yield and borrow rates.

The Result? A self-reinforcing loop generating meaningful ETH rewards.

One click is all it takes to put your ETH to work. 🦞

[Seamless Protocol @SeamlessFi]

@TheDeFinvestor @Infinit_Labs @pendle_fi LTs make looping easy.

[Seamless Protocol @SeamlessFi]

100% of Seamless Vault performance fees go directly to SEAM stakers. 🥩

If you aren't part of the 5.2M+ SEAM already staked, you're missing out on real yield in the form of:

USDC
WETH
cbBTC

Rewards are emitted block-by-block. 🤖

Start staking to earn rewards today.

[Seamless Protocol @SeamlessFi]

@DegenOnBase_ @base @Simple_on_Base @pikinyc @coffycoinxyz Based.

[Seamless Protocol @SeamlessFi]

@hantengri Meanwhile, the ones who know about LTs.

[Seamless Protocol @SeamlessFi]

@naiivememe More time to work on yourself and the house when your Assets are working for you via LTs.

[Seamless Protocol @SeamlessFi]

Seamus and team had a great week at ETHDenver!

Feel energized from partner meetings, whiteboarding sessions, and a reminder that DeFi is moving fast.

Seamless is focused on where the puck is headed 🏒 not where its been.

Back to building.