Sui Lending Protocol Scallop Launches Isolated Asset Pool, Including DEEP, FUD Tokens
On December 17th, Scallop, a Sui lending protocol, announced the launch of an Isolated Pool, which includes tokens DEEP and FUD. The rewards for independent asset pools are 1675% and 2892% APR, respectively. In addition, Scallop's incentive rewards for lending pools will be converted to Scallop sCoins such as sSUI and sSCA.
Scallop is a decentralized currency marketplace on the Sui blockchain, dedicated to providing users with a dynamic currency market, including low-cost lending. Scallop was officially funded by Sui in 2022.