Summary This proposal suggests adding a BRETT lend/borrow market to Seamless Protocol on Base. BRETT is a cultural movement on the Base chain, complementing the large existing PEPE community.

BRETT is proposed to take the same step-wise approach to a market opening as DEGEN; namely, opening a supply market to allow for BRETT deposits, performing risk analysis on what parameters should be set for BRETT, and then enabling borrowing once a (Chainlink) BRETT-USD price feed oracle is available.

Resources Website - https://www.basedbrett.com/ Tokenomics - https://www.basedbrett.com/#tokenomics 1 Base contract - https://basescan.org/token/0x532f27101965dd16442E59d40670FaF5eBB142E4 Chainlink Oracle - Not Available Currently Audit - NA Twitter - https://twitter.com/BasedBrett Telegram - https://t.me/basedbrett

BRETT to Base BRETT is a cultural movement and one of the largest meme coin communities of BRETT. The integration of BRETT into Seamless will continue the path of Seamless Protocol supporting large, passionate, memecoin communities on Base. With over 150k BRETT holders, a FDV of $377M and daily volumes exceeding $10m USD, BRETT has the power liquidity profile and large user base that can support a market launch. This will help drive TVL, market diversity and the user base of Seamless protocol.

Specifications What is the link between the author of the AIP and the Asset? BRETT Community Member

Provide a brief high-level overview of the project and the token. BRETT is one of cryptos most significant cultural icons and the mascot of BASE chain

Explaining positioning of token in the Seamless ecosystem. Why would it be a good borrow or collateral asset? BRETT community members would make great candidates for borrowing against their BRETT collateral, as they seek to diversify their bags without having to liquidate their BRETT position. Additionally, some may choose to double down and magnify their existing BRETT positions.

Emission Schedule Tokenomics are found on the website, this is community fair launch token with the vast majority provided as LP and also liquidity locked for a year. https://basescan.org/tx/0x7b59c9fc5476bfc5d5cdd467926a928ad6b18cb0092b9fa096332d9f441337c3

Key roles of the BRETT contract BRETT contract was renounced at this transaction: https://basescan.org/tx/0x748e6b909db8798aab851294c416e058f5b9fccc2367a7ec608bfda50c39432b

Social channels data (Size of communities, activity on Github) Twitter - 63k followers, Telegram - 16k+ members Contracts date of deployments, number of transactions, number of holders for tokens Date of Deployment: For Base, February 24th, 2024 Number of Transactions: 1.7m+ on Base Number of holders for token: 153k+ on Base

Reward Budget It is suggested with this proposal that 2,576,000 BRETT ($96.1k USD value at the time of this writing) is budgeted and provided from the BRETT community to the Seamless DAO, Guardian or other community-elected body to be distributed as rewards on the BRETT market and/or wider Seamless Platform as the community sees fit.