Sui lending protocol Scallop launches isolated asset pool, including DEEP, FUD tokens
On December 17th, Scallop, a lending agreement by Sui, announced the launch of an Isolated Pool, which includes the tokens DEEP and FUD. The reward for the independent asset pool is 1675% and 2892% APR respectively. In addition, Scallop's incentive rewards for the lending pool will be converted to Scallop sCoins such as sSUI and sSCA. Scallop is a decentralized currency market on the Sui blockchain, dedicated to providing users with dynamic currency markets, including low-cost lending. Scallop received official funding from Sui in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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