BTSE will list Scallop ($SCA) on January 22, 8:00 AM (UTC+0), making it available for spot trading.
Additionally, $SCA will be listed on BTSE’s wider ecosystem of 20+ white-label crypto exchanges, enabling better liquidity and pricing. Users will be able to trade $SCA via the SCA/USD, SCA/USDT, and SCA/USDC trading pairs.
Key Dates:
- Deposits enabled: 8:00 AM (UTC+0) on January 22, 2024
- Trading enabled: 8:00 AM (UTC+0) on January 23, 2024
- Withdrawals enabled: 8:00 AM (UTC+0) on January 23, 2024
Scallop Overview
Scallop is a next-generation decentralized money market built on the Sui blockchain, enabling peer-to-peer cryptocurrency lending and borrowing. The platform combines institutional-grade quality with robust security, emphasizing transparency and enhanced composability within the broader DeFi ecosystem. Scallop empowers users to earn interest on their crypto assets, borrow against collateral, and access advanced financial tools in a secure, decentralized environment.
Core Features:
- Lending & Borrowing: Users can lend their crypto to earn interest or borrow assets by providing collateral, powered by an optimized model based on Compound V3 and Solend V2.
- Lending Derivatives: Scallop offers advanced lending tools, including sCoins, which act as lending derivatives to expand yield generation and risk management options.
- Flash Loans: Instant, uncollateralized loans that must be repaid within the same transaction, providing flexible access to capital.
- Development Tools & SDKs: Scallop provides comprehensive development support with SDKs, Sui Kit, and specialized UI components for swaps and bridges to enable seamless integration with other DeFi protocols.
Key Highlights:
- Optimized Model: Scallop utilizes a Trilinear Interest Rate Model, Collateral/Borrow Weights, Collateral Segregation, and veSCA tokenomics to optimize capital efficiency and risk management.
- Soft Liquidation: A mechanism designed to protect users’ positions from forced liquidation during market fluctuations.
- Composability: Deep integration capabilities allow Scallop to seamlessly interact with other DeFi protocols and ecosystems.
- Security & Transparency: Institutional-grade security protocols ensure transparency and safeguard users’ assets.
Scallop serves as a comprehensive DeFi marketplace, providing everything from basic lending to advanced derivatives and financial tools, all in a secure, transparent, and highly integrated environment. It offers an innovative solution for both individual users and institutional participants, delivering professional-grade DeFi infrastructure that ensures financial inclusivity and flexibility.
Deposit/trade $SCA tokens on the BTSE website or mobile app here.
For more information, visit Scallop’s official website.
Trade on the go — download the BTSE mobile app (iOS/Android).
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.
Disclaimer: BTSE blog content is intended solely to provide varying insights and perspectives. It does not constitute financial, legal, or investment advice and should not be relied upon as such. The views expressed are not necessarily those of BTSE. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Trading involves substantial risk due to market volatility, and past performance is not indicative of future results. Always trade with caution and consider seeking advice from a qualified professional before making any financial decisions.
