Scallop

Scallop has emerged as a revolutionary Next Generation Money Market for the Sui ecosystem, positioning itself as the first DeFi protocol to secure an official grant from the Sui Foundation. Founded in 2021, Scallop sets itself apart by prioritizing institutional-grade quality, enhanced composability, and robust security. The company is dedicated to developing a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and asset management tools on a unified platform, while also providing an SDK for professional traders.

Having recently received $3.00M in a Seed Round investment on March 5, 2024, Scallop has attracted a notable group of investors, including CMS Holdings, Mysten Labs, Signum Capital, Cypher Capital Group, Zellic, LBank Labs, 8186 Capital, Cetus, AC Capital, and 280 Capital. The company is headquartered in the Virgin Islands (British) and operates in the sectors of DeFi, Finance, Financial Services, Lending, and Investments.