Scallop

Basics

• Based in:
• Started in / Announced on:
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found here (10-2024) up to $300k.
• OtterSec, Zellic and MoveBit have done audits.

Token

Token Allocation

Total Supply (Max): 250,000,000 SCA (9-2024):

Emission Rate	Allocation
Liquidity Mining	45%
Scallop Project Contributors	15%
Dev & Operation	4%
Strategic Partners/Investor	15%
Advisor	1.5%
Ecosystem/Community/Marketing	7.5%
Liquidity	5%
Treasury	7%

Technology

• Whitepaper or docs can be found [insert here].
• Code can be viewed here.
• Built on Sui and seemingly will come to Supra (their founder is on the endorsement list (5-11-2024).

Fees

• 20% of borrowing interest goes to protocol income. There are also fees (10-2024) for oracle usage and flash loans and liquidation fees.

Oracle Method

Uses (10-2024):

1. Pyth: https://pyth.network/price-feeds
2. Switchboard: https://switchboard.xyz/explorer
3. Supra Oracles: https://supraoracles.com/data

Roadmap

• Can be found [Insert link here].

Usage

Scallop is currently (11-10-2024) the leading DeFi protocol on Sui Network, sitting at over $150M TVL at the time of writing. Scallop crossed $100 Billion in total lending and borrowing volume, and reaching over $2 million in total platform revenue.

Team, Funding and Partners

Team

• Full team can be found here.

Funding

• Secured investment from Sui (11-10-2024)

(:

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