Alpha's trading competition has added the Sui chain, with a share of rewards worth 1.7 million USD!

Recently, luck has indeed been good!

The day before yesterday, I casually mentioned in the group that Scallop's income ranking on Sui is third, worth paying attention to.

As a result, the next day, SCA was listed on Binance's Alpha, easily earning a 30%+ increase, truly a matter of timing and luck!

So let's talk about it:

Scallop is an old friend of mine. Since last year, I have been frequently borrowing and arbitraging on it.

Thanks to its sCoin design (a compound yield liquidity staking token), any assets collateralized in the Scallop protocol can circulate freely in other protocols.

This design greatly enhances my flexibility in DeFi operations.

Several times, I only noticed sCoin in other protocols and immediately turned back to study Scallop, discovering opportunities on Sui.

Additionally, the top bar on Scallop's homepage allows for easy viewing of the protocols it collaborates with. Occasionally browsing can also lead to surprises, such as the 38% APR for USDC I saw last time on Nemo.

These are all features I particularly like. As for other unique content, I believe everyone has learned quite a bit from other bloggers already.

For example, the veToken mechanism, staking $SCA can enjoy borrowing annual interest rate incentives, and currently, 38.77% of locked SCA accounts for the circulating supply, etc. I won’t elaborate on that here.

In summary, I recommend everyone to pay more attention to Scallop; there are indeed many opportunities both within it and derived from it.

Finally, being listed on Alpha also means it has joined Binance's ladder competition (Alpha -> Contracts -> Spot)!