Question 1

What is Scallop (SCA)?

Accepted Answer

Scallop (SCA) is a decentralised finance (DeFi) platform designed to bridge traditional finance with cryptocurrency-based services. Built on the Sui blockchain, Scallop aims to simplify access to DeFi solutions, combining banking features with decentralised protocols. It offers services such as high-interest lending, low-fee borrowing, and secure asset management.

Question 2

What is Scallop (SCA) used for?

Accepted Answer

Scallop is used for facilitating DeFi activities, including lending and borrowing digital assets. It provides tools for automated asset management and an ecosystem for accessing banking-like services within the crypto space. Scallop's features include automated market-making (AMM), a professional Software Development Kit (SDK) for traders, and mechanisms for asset self-administration. The platform is geared towards individuals and institutions seeking enhanced composability, security, and seamless integration of DeFi with traditional financial services.

Question 3

Who created Scallop (SCA)?

Accepted Answer

Scallop was founded by:

* **Kris Lai:** Founder and CEO, with a background as a full-stack developer and network security engineer.

* **Donnie Chen:** Co-Founder and CTO.

* **Ann Yuxin Luo:** Chief Operating Officer.

* **Joel Chng:** Chief Marketing Officer.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SCA-USDT SCA-USDT	kucoin	BB	0.004730USDT	-8.33%	496,712.40SCA	276	0.005160USDT	0.006130USDT
2	SCA-USD SCAUSD	kraken	AA	0.002760USD	0.00%	0SCA	0	0.002760USD	0.002760USD
3	SCA-THB THB_SCA	bitkub	C	0.1622THB	1.38%	62,856.08SCA	11	0.1600THB	0.1622THB
4	SCA-KRW SCA_KRW	coinone	C	10.00KRW	0.00%	0SCA	0	10.00KRW	10.00KRW
5	SCA-USDT scausdt	huobipro	C	0.003112USDT	0.00%	0SCA	0	0.003112USDT	0.003112USDT
6	SCA-USDT SCA_USDT	poloniex	C	0.003300USDT	0.00%	0SCA	0	0.003300USDT	0.003300USDT