
链研社|Mar 30, 2025 06:18
After the deep integration of exchanges and wallets, it has become easier to participate in DeFi mining, which can be done in one app, saving a lot of steps.
Scallop has just partnered with Binance Wallet to launch the "Simple Yield Event"
Event time: March 26th to April 24th, 2025
Total Reward: 300000 USD (250000 USD in USDC and 50000 USD in SCA tokens)
Participation requirements: Deposit at least $25 USDC on the Scallop platform through Binance Wallet and hold the received sUSDC
Scallop is a lending agreement on Sui, with a total locked value (TVL) of approximately $131 million. According to DefiLlama's data on March 28th, Scallop's 24-hour revenue reached $79920, second only to AAVE in terms of daily revenue.
Highlight introduction:
🔸 The first DeFi protocol to receive official funding from the Sui Foundation
190M TVL ATH
🔸 3.9M Revenue generated in the past 17 months
🔸 Investment institutions include CMS Holdings, 6th Man Ventures DWF Labs、Mysten Labs、Sui Foundation、Kucoin Ventures、UOB Management Ventures
How to participate?
1. Withdraw 1 Sui (Gas consumption) and USDC from Binance (Binance already supports Sui native USDC, with a withdrawal fee of 0.1U)
2. Enter Binance Wallet - Wealth Management - Simple Yield - Banner Advertisement on the Top Scallop
3. Click on 'Pledge Now' to deposit all USDC in
4. After completion, there will be a pop-up window indicating successful deposit
USDC assets deposited through Scallop in Binance Wallet can receive Scallop APR and Binance activity rewards, earning double returns
Profit bonus gameplay?
one ️⃣ Mortgage stablecoins (such as USDC) and lend other tokens (such as DEEP)
1. Deposit stablecoins (such as USDC) into the collateral pool as collateral.
2. Lending high-yield assets (such as DEEP) with subsidies for APR (higher through veSCA markup)
3. Deposit the borrowed DEEP back into the lending pool and earn an additional 23% supply APR
two ️⃣ Obtaining veSCA through staking SCA significantly increases revenue
🔎 For detailed instructions, please refer to my previous post
https://(x.com)/lianyanshe/status/1894030370867462240
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