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.
You may also like
US Treasury Moves to Block Huione Group Over Alleged Ties to North Korean Crypto Laundering
The U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea’s Lazarus Group. They propose cutting the firm off from the American financial system.
UK Releases Draft Crypto Regulation Order, Excludes DeFi from Scope
The UK government has released a draft version of its much-anticipated legislation to bring cryptoasset activities under financial regulation, taking another step toward formal sector oversight. The proposal, which amends the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO), is now open for technical review.
South African scholar: US tariff policy is "self-destructive" and "cutting off its own retreat"
Bitcoin Steady at $97K Amid US Payroll Report Anticipation
Trending news
MoreCrypto prices
More
