Detailed explanation of Scallop, a good place for mining on Sui, with a maximum profit of 100% and a foundation of 40%+ one ️⃣ Why choose to mine on Sui Chain? Safe, low gas consumption, fast speed, convenient cross chain, and stable revenue, Sui's mechanism design blocks most hacker attacks from the source, and so far there have been no hacker incidents. There are continuous subsidies in terms of income. two ️⃣ Scallop is the first DApp on Sui and the first DeFi protocol to receive official funding from the Sui Foundation. Currently, it ranks fourth in TVL on the Sui chain and has generated $4 million in revenue over the past 17 months. The revenue is sustainable and the loyalty program also airdrops rewards to holders of 1500veSCA. If the funds are for long-term mining, Scallop can provide even more revenue. three ️⃣ How to transfer funds to SUI It is now very convenient to transfer funds to Sui. You can withdraw USDC or BUSD from the exchange and directly participate in mining on the chain. If the funds are on other chains, you can also participate in cross chain mining. Phantom Wallet, combined with Scallop's efficient All-in-1, provides a one-stop solution for cross chain, transaction, and lending operations. Entering Scallop through bridging assets 🔸 Go to the Scallop Bridge page. 🔸 Use Wormhole bridging tool to bridge your assets (such as SOL) to the Sui network. 🔸 After the bridging is completed, you can perform lending, swaps, and other operations on Scallop. In terms of trading (Swap) functionality, Scallop's Swap feature integrates the four major DEX aggregators in the Sui ecosystem: Aftermath, FlowX, 7K, and Cetus. The best trading path, convenient for exchanging profits. four ️⃣ The core gameplay of borrowing Finally, the core lending function includes token subsidies for Sui, USDC, SCA, and DEEP. The recommended gameplay with the highest yield is to mortgage stablecoins (such as USDC) and lend DEEP 1. Deposit stablecoins (such as USDC) into the collateral pool as collateral. 2. Lending high-yield assets (such as DEEP) with a borrowing APR of 128% (via veSCA markup) 3. Deposit the borrowed DEEP back into the lending pool and earn an additional 15% supply APR. According to this strategy, your total return rate may reach 108% APR (128% -34.8%+15%). This kind of profit is very considerable in DeFi, and without the veSCA markup, the profit would be around 40%. five ️⃣ Advanced gameplay: unlocking the key to ultra-high returns Scallop's native token SCA is the core of its ecosystem, and obtaining veSCA through staking SCA can significantly increase revenue. Here are several key advantages of veSCA: 🔸 Improve loan rewards: By obtaining veSCA through staking SCA, your loan reward APR can be significantly increased. For example, when borrowing DEEP, the APR for not holding veSCA is 90%; After holding veSCA, APR can double to 182%. 🔸 Enhance referral rewards: VeSCA holders can enjoy higher referral rewards. 🔸 Exclusive Loyalty Program: Holders of 1500veSCA or more in the latest airdrop will receive it The current market value of SCA is terrifyingly low, with a circulating market value of only 10 million US dollars and FDV of 30 million US dollars. You should know that Scallop's TVL is $147 million, and its revenue in the past 12 months is also $3 million, with a P/E ratio of only 10. Another 20 million SCA (8% of the total supply) are locked in for 4 years, and if mined for a long time, only the profit can be recovered.