Scallop launches isolated lending pools for DEEP and FUD

Sui-based DeFi project Scallop (SCA) announced on X that it has launched isolated asset pools for two Sui ecosystem tokens, DEEP and FUD. Users contributing liquidity to these pools can currently earn annual percentage rates (APR) of 1,675% for DEEP and 2,892% for FUD. Starting Dec. 16, Scallop will transition incentive rewards for its Borrow Pools to sCoins, such as sSUI and sSCA. These sCoins serve as interest-bearing assets distributed as rewards to users who borrow assets from Scallop's lending pools. Scallop explained that the shift to sCoin rewards aims to enhance user benefits while integrating better with Scallop’s overall lending ecosystem.