A small mine on the Sui platform, the returns from storing $sUSDC and $sSUI are pretty good.

My friend work0918 asked me to take a look at this project.

I took a quick look and initially judged that nemoprotocol is a clone of Pendle, with returns mainly coming from the subsidies of Scallop_io, likely supported by Scallop.

Several high-yield mining pools are all borrowing tokens from Scallop, but their TVL (Total Value Locked) is very low, not even a million.

Just to clarify, by storing $SUI in Scallop, you can earn sSUI, and by storing $USDC, you can earn sUSDC, while Scallop's sCoin is a compound yield token.

I did a simple test of the entry and exit process, and there were no issues, it’s a straightforward two-layer DeFi nested structure.

I couldn't find much background on this project, just a reminder: DYOR, 🤣