🚀 Financing Announcement | Scallop has received support and strategic investment from @SuiFoundation——
SUI has been very strong during this period, rising two times in a short period of time, with a TVL of up to $1 billion;
Scallop @Scallop_io is currently the leading DeFi protocol on Sui Network and has made remarkable contributions to the SUI ecosystem.
As the leading DeFi protocol on Sui Network, its total locked value exceeds US$150 million, total lending volume exceeds US$100 billion, and total platform revenue exceeds US$2 million.
Currently, Scallop's USDC deposit yield is 18.97% APR. In addition, there is an APR reward of 15%-60% for borrowing $USDC. This reward arbitrage space is perfect, and there is 0 borrowing fee during the event.
The goal of this investment should be to promote the development of native assets such as USDC, while also consolidating Scallop’s DeFi leadership in the Sui ecosystem.
Look forward to new features Scallop will launch in the future and more surprises from the Sui ecosystem!
#Sui#DeFi#Scallop
SUI has been very strong during this period, rising two times in a short period of time, with a TVL of up to $1 billion;
Scallop @Scallop_io is currently the leading DeFi protocol on Sui Network and has made remarkable contributions to the SUI ecosystem.
As the leading DeFi protocol on Sui Network, its total locked value exceeds US$150 million, total lending volume exceeds US$100 billion, and total platform revenue exceeds US$2 million.
Scallop’s current USDC deposit yield is 18.97% APR.
In addition, there is an APR reward of 15%-60% for borrowing $USDC, which provides ample arbitrage opportunities.
The goal of this investment should be to promote the development of native assets such as USDC, while also consolidating Scallop’s DeFi leadership in the Sui ecosystem.
Look forward to new features Scallop will launch in the future and more surprises from the Sui ecosystem!
#Sui#DeFi#Scallop
