#SeamlessProtocolShutsDown

After more than two and a half years of operation on the **Base** network, **Seamless Protocol** has officially announced its cessation of operations. The team cited a shift in market dynamics toward actively managed vaults and a lack of sustained product-market fit for its native leveraged tokens.
### **Critical Action Items for Users:**
* **Withdrawal Deadline:** All users must withdraw their assets, redeem leveraged tokens, and unstake **$SEAM** via the official protocol interface before **June 30, 2026**.
* **Interface Status:** The front-end UI will be taken offline on June 30. After this date, asset retrieval will require manual smart contract interaction without team support.
* **Morpho Vaults:** Assets held in Morpho vaults will undergo an orderly liquidation process.
* **DAO Treasury:** A governance proposal is expected to be submitted to distribute remaining treasury assets to $SEAM holders.
### **Why the Shutdown?**
The protocol team noted that while the underlying technology functioned as intended, current DeFi trends favor active management over the permissionless, tokenized leverage products that Seamless specialized in. Persistent liquidity constraints in the lending market and interest rate volatility also impacted the path toward long-term scalability.
**Next Steps:** If you have positions in Seamless, ensure you settle your accounts well before the June 30 cutoff to avoid technical hurdles.