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
World Bank moves to calm fears of AI taking over education
Share link:In this post: Artificial intelligence has become a mainstream industry, but the extent and nature of its influence is a divisive subject. The World Bank has joined thought leaders and leading entities in admonishing against outrightly rejecting the technology, especially in developing countries. While many have been very inventive in coming up with ways AI could backfire on humanity, the global organization maintains AI has more potential for good,
Sony deepens collaboration with AMD for PlayStation PS5 Pro
Share link:In this post: The partnership is expected to enhance gaming. Both Sony and AMD are focused on machine learning. Technology from this collaboration will extend beyond PlayStation
Polygon rejects proposal to bridge funds into Morpho to drive DeFi growth
Concerns over potential network risks lead Polygon to reject Morpho proposal despite projected $70 million annual yield.
South Korea’s Lawmaker Faces Prison for Hiding Crypto Profits
Trending news
MoreCrypto prices
More
