Scallop adds flash loan feature to its dApp

Scallop (SCA), a DeFi project built on the Sui blockchain, announced via X that it has introduced a flash loan feature in an upgrade to its decentralized application (dApp) user interface. The new function allows users to borrow assets without collateral, provided the loan is repaid within the same blockchain transaction. According to the announcement, the update (Scallop Tools v1.6.9) also improves overall usability with several new features. These include an integrated Account Overview dashboard to monitor deposits, loans, and earnings; a risk level simulator to preview changes in risk and expected returns before adjusting a position; and a tool to clear expired names from SuiNS, the naming service for Sui-based wallet addresses.