Foresight News reports that the Sui lending protocol Scallop has announced the launch of an Isolated Pool, which includes tokens DEEP and FUD, with independent asset pool rewards of 1675% and 2892% APR, respectively. In addition, the incentive rewards for the lending pool will be converted into Scallop sCoins such as sSUI and sSCA.
Scallop is a decentralized money market on the Sui blockchain, dedicated to providing users with a dynamic money market, including low-fee lending. Scallop received official funding from Sui in 2022.
