Scallop (SCA) stands out as a top decentralized money market on the Sui blockchain. It sets itself apart by offering institutional-grade quality, enhanced composability, and robust security, all while delivering a dynamic money market that boasts high-interest lending and low-fee borrowing. In fact, Scallop's innovative solution earned it the distinction of being the first DeFi project to receive an official grant from Sui in 2022.
Scallop is a decentralized money market that offers a range of features, including lending, borrowing, zero-fee flash loans, interest rates, liquidations, and a dual-token model with SCA and veSCA. The platform is designed to optimize users' financial experience through a series of interconnected features. The lending feature enables users to earn interest on their deposits, which can be borrowed by borrowers providing sufficient collateral. The borrowing feature is flexible, with up to five sub-accounts available, and uses collateral and borrow weight parameters to control capacity. Zero-fee flash loans allow users to borrow assets without upfront collateral. Interest rates adjust based on supply and demand, ensuring a fair allocation of funds. Soft liquidation mechanisms protect users from collateral value fluctuations. The dual-token model promotes decentralization and offers governance voting power and fee rewards. Users can obtain veSCA by locking SCA tokens for a specified duration.
SCA has a total supply of 250,000,000.
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