Scallop is a DeFi protocol that allows users to lend and borrow assets on the Sui blockchain. It is the first DeFi protocol to receive an official grant from the Sui Foundation. It emphasizes institutional-grade quality, enhanced composability, and robust security.
The key features include:
- High-interest lending: Users can lend their assets to earn interest.
- Low-fee borrowing: Users can borrow assets at low fees.
- AMM and Asset management tool.
- SDK: Scallop offers an SDK for professional traders.
Bright spots:
- Grant from SUI.
- A better version from existing lending protocols (Better oracle system etc).
- Being early on SUI as Defi platform will be helpful.
Things that need clarification/ more details in the document.
- Tokenomics: No info about it's own tokens
- Team: Seems anonymous
- Only Lending/Borrowing has been explained. How about other aspects like AMM?
- More details on Dynamics interest rates (What is it, how it will work? )
- How it is more secure ? Smart contract audit and hackathon is a way but nothing new here. What more they bring on the table?
- What makes it institutional grade?
- Comparison with existing products would be nice Show Less
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