You can participate in the Scallop exclusive campaign by supplying at least 25 USDC in the Binance Wallet Simple Yield SUI Scallop Pool. Eligible users could earn a boosted APR in rewards. For more information, please visit the campaign page.
Promotion Period: 2025-03-26 00:00:00 (UTC) to 2025-04-24 23:59:59 (UTC)
1. Log into your Binance app and go to [Wallet]. Tap [Receive] - [Receive Token from Binance Exchange].
2. Select token [USDC] and network [Sui], then tap [Continue]. Select your address and tap [Confirm] to receive the token. Input the amount of token to send and tap [Withdraw].
Please note that to be eligible for the campaign rewards, you must deposit a minimum of 25 USDC. Make sure you have sufficient SUI (0.5 - 1 SUI) balance in your wallet to cover the transaction costs.
3. Once done, you should see your USDC available in your Binance Wallet and you are now ready to supply USDC on Scallop.
1. Log into your Binance app and go to [Wallet]. Tap [Receive] - [Receive Token via Address].
2. Filter the settings to find your Sui wallet address and copy your Sui wallet address.
3. Open your Sui Wallet and tap [Send]. Input your Binance Wallet Sui address and input the amount of USDC to send. Once done, select [Review] - [Send Now].
1. Log into your Binance Wallet and go to [Earn] - [Simple Yield] - [Protocol] - [Scallop] - [USDC]. Then tap [Supply Now] in the Scallop USDC supplying interface.
Important note: The minimum transfer amount for the USDC supplying interface is 25 USDC.
Please note that you must have some SUI (~$0.009) to cover the gas fees for supplying.
You can also receive SUI from an external wallet into your Binance Wallet using the [Receive] button. To learn more, please refer to How to Send and Receive Tokens on Binance Wallet?
2. Once complete, you’ll see a ‘Supplying Successful’ page pop-up with transaction details and the ‘sUSDC’ token in your wallet.
1. Log into your Binance Wallet and go to [Earn] - [Simple Yield] - [Protocol] - [Scallop]. Then tap [USDC].
2. Tap [Redeem] to go to the Scallop’s dApp. Connect your Binance Wallet.
3. Select [Redeem] under the USDC section of the ‘Lending’ page. Enter your desired amount of USDC to withdraw, and tap [Withdraw] to submit the request.
Please note that you must have some extra SUI (0.0015SUI~0.003SUI) to cover the gas fees for withdrawals.
All withdrawals will be instant. Once withdrawal is completed, you will receive USDC on the Sui chain in your Binance Wallet.
Disclaimer:
In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
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