Scallop
Institutional-grade lending and borrowing protocol on Sui
About
Scallop is a money-market protocol on the Sui blockchain offering lending and borrowing with a Compound/Solend-inspired design. Depositors receive interest-bearing sCoins (e.g. sUSDC) representing their position, and the protocol features soft liquidation. It is a major source of stablecoin liquidity and yield on Sui rather than a stablecoin issuer itself; governance runs through the SCA / veSCA token.
Key products
Chains
- Founded
- 2023
- HQ
- Remote
- Stage
- Token / DAO
- Funding
- Seed; Sui ecosystem grants
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