📣 Creators, Exciting News!
Gate Square Certified Creator Application Is Now Live!
How to apply:
1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
2️⃣ Tap [Get Certified] under your avatar
3️⃣ Once approved, you’ll get an exclusive verified badge that highlights your credibility and expertise!
Note: You need to update App to version 7.25.0 or above to apply.
The application channel is now open to KOLs, project teams, media, and business partners!
Super low threshold, just 500 followers + active posting to apply!
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Recently, the crypto assets market experienced a massive Get Liquidated of $190 billion, which dealt a heavy blow to the entire industry. However, amidst this storm, the leading lending platform Scallop within the SUI ecosystem demonstrated remarkable resilience.
Scallop not only maintains a robust fundamental but also continuously generates positive cash flow. Its Total Value Locked (TVL) has surpassed the 100 million dollar mark, accumulating 6 million dollars in revenue, demonstrating its stability amid market turbulence.
According to Messari's latest report, Scallop's economic model is impressive. Approximately 50 million SCA tokens are locked, accounting for 20% of the total supply, and even more astonishingly, 40% of the circulating supply. In other words, almost half of the market circulating tokens are frozen for the long term.
What is even more noteworthy is that the average lock-up period of these tokens reaches 3.71 years. Considering that the longest lock-up period is 4 years, this data indicates that the vast majority of Scallop supporters have chosen the longest lock-up duration, demonstrating their strong confidence in the long-term value of the project.
The veSCA model adopted by Scallop is key to attracting users for long-term holding. For experienced DeFi participants, the model of locking assets in exchange for a 4x lending yield bonus is highly appealing. This design not only provides users with stable and considerable long-term returns but also effectively reduces market selling pressure, achieving a win-win situation for user interests and protocol security.
Through this innovative economic model, Scallop successfully integrates user interests with platform security, providing participants in the SUI ecosystem with a powerful tool to navigate market cycles. In the current volatile Crypto Assets market, Scallop's performance undoubtedly offers a noteworthy case for the entire industry.