USDT
Scallop

sUSDT

Scallop
19.38%
APR
1W
1M
3M
1Y
Info
Earn
USDT
USDT
TVL
$12.11M
Protocol
Scallop
Scallop
Network
SUI
SUI
ROI Performance
1 Day
0.05%
1 Week
0.37%
1 Month
1.59%
1 Year
19.38%
About token
Token
USDT
USDT
Price
$0.99
Market cap
$112.47B
Contract
0xc060...COIN
FAQs
What’s Scallop and how does it work?

Scallop is the first DeFi protocol with pensions granted by the Sui Foundation. It's the Next Generation Money Market for the Sui ecosystem. The money market is peer-to-peer and dynamic, providing high-interest lending, low-fee borrowing, AMM, and a self-management tool for your digital assets.

Why do I receive sCoin tokens?

As a decentralized money market, Scallop allows users to borrow and lend different cryptocurrencies. When you make a supply of tokens, you'll receive the corresponding sCoin tokens from the lending pools in Scallop (i.e., sSUI for SUI supplies, sUSDC for USDC supplies, etc.).

How does this investment generate APR?

The generation of APR after investment is twofold. First, your tokens will be swapped into the corresponding sCoin tokens. Second, your sCoin tokens will be staked into lending pools, where your APR will come out of interest paid by borrowers. These steps will be completed automatically during investment.

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