Scallop has introduced Wrapped sCoins, a significant upgrade to their existing sCoin system.

This update enables:

🔹Migration from old to new sCoins directly via the Scallop dApp

🔹Integration of sCoins on DeFi protocols

🔹Display of sCoins in all supported Sui wallets

🔹Transferability across supported Sui wallets

sCoins are Scallop's liquid derivative tokens, representing deposits in the Scallop Lending Pool. They can be used for withdrawals and are now easily manageable through the Scallop dApp.

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