About this explorer
The Rails Seamless explorer shows every account in Seamless's lending market on Base, whether still open or closed, and the full history of each one. It also shows the market itself: its assets, with their rates, risk settings and prices.
How it works
- Seamless is a lending protocol on Base, a network built on Ethereum. Its contract is built from Aave V3's open code. Lenders supply crypto, and borrowers take out other crypto against it.
- The Pool is Seamless's lending contract on Base, and this page calls it the market. Each asset in the Pool is a reserve. An account is the assets one wallet (an address that holds crypto) has supplied and the debt it owes in the Pool.
- The market is closed to new accounts and winding down. All eighteen reserves were frozen in one transaction (a single signed action on the chain) at block 28,952,883 (a block is the chain's unit of time) on 15 April 2025. A frozen reserve still builds up interest and can still be repaid, withdrawn and liquidated, so open accounts here are real and moving, but none can take on new debt.
- All of an account's collateral backs all of its debt at once. One health factor scores how safe the whole account is.
- Dollar values use the prices the Pool uses to decide liquidation, so a fall in a price can make an account liquidatable.
Glossary
- Pool
- : The Pool is the smart contract, a program that runs on the chain, that holds every reserve's supplied assets and records each wallet's account. Seamless has one Pool on Base. Docs: Liquidity pool
- Reserve
- : A reserve is one asset in the Pool. It has its own interest rates, supply and borrow caps, which are the most that can be supplied or borrowed, and risk settings. One such setting is the liquidation threshold, which caps the share of the asset's value that can be borrowed against before an account is unsafe. Docs: Reserves
- Supplied
- : Supplied assets are the assets a wallet has deposited into the Pool to earn interest. The wallet can withdraw them again, with their interest. Docs: Supply
- Collateral
- : Collateral is the supplied assets that count toward a wallet's borrowing. Only those assets back its debt and count toward its health factor. Docs: Collateral status
- Debt
- : Debt is what a wallet has borrowed from the Pool plus the interest on it. Docs: Borrow
- Health factor
- : The health factor is a score for the safety of one account. It divides the value of the collateral, weighted by each asset's liquidation threshold, by the debt. Below 1, the account can be liquidated. Docs: Health factor
- Liquidation
- : Liquidation happens when an account's health factor falls below 1. Anyone may then repay part of its debt and take collateral worth that amount plus a bonus. Docs: Liquidation process
- Frozen reserve
- : A frozen reserve accepts no new supply and no new borrow. It still builds up interest, and holders can still repay, withdraw and be liquidated. Docs: Freeze a reserve
Listing
- Each card shows one account: the wallet, what it supplied and what it owes, read from the Pool at the block the card names.
- A card is Open while the account still holds supplied assets or debt. It is Closed once it holds neither and was never liquidated, and Liquidated once it holds neither and was liquidated at least once.
- The listing shows open accounts by default. Searching for a wallet shows its accounts of every status.
- When the note below says the list is partial or still being assembled, some accounts may be missing.
Position page
- The top card shows what the wallet supplied, what it owes and its health factor, read now from the Pool.
- The timeline lists the account's events, newest first.
Market page
The market page shows each reserve with its size, rates, risk settings and price, and explains the supply and borrow caps and the frozen reserves. Open the market page.
You can search by wallet address. The listing filters by Status (open, closed or liquidated), Debt (USD), Collateral (USD) and History (accounts that were liquidated at least once), and sorts by Recent activity, Debt or Collateral.
Tap the (i) beside any figure to see where it comes from. Inside, the ? explains that kind of event in general.
See what Rails covers on each Base explorer
Official documentation: Aave V3 documentation, the code Seamless runs