How to Scallop on Sui Mainnet?

kriss_
Scallop
Published in
4 min readJun 26, 2023

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Scallop One Pager

Gm Scallopers,

After countless months of building, we are proud to announce that Scalloper V1 has been deployed on Sui Mainnet.

🔗: Scallop App

Contract address: 0xc05a9cdf09d2f2451dea08ca72641e013834baef3d2ea5fcfee60a9d1dc3c7d9

Audit report: https://drive.google.com/file/d/1yqftY8cTMlG0QhIBMBYoQhV-bSlsGSOx/view

And we are going to guide you on how to use Scallop on the Sui Mainnet.

Before get started

Sui Wallet

There’s a page at Scallop Docs teaching you how to get assets on Sui Bockchain.

Connect to Scallop

First, you need to connect your wallet to Scallop. Make sure you’ve chosen the Sui Mainnet.

Scallop offers a variety of features including support for lending & borrowing, swap, bridge, and Sui batch transaction UI tools.

Upon connecting your wallet, you will see the Scallop Dashboard which displays protocol data.

On the left side, you’ll find the Scallop mini wallet which will help you keep track of your balances, we support SuiNS for being the address nickname.

On the right side is a block displaying the Market Status of various coins. Here, you can view the current market trends and values.

In the middle, you can see your user status, subaccounts, and the pools available for lending, adding collateral, and borrowing.

Lending

If you would like to lend, just pick a pool, click ‘supply’, and fill in the amount you wish to supply. Then, click the ‘Supply’ button to confirm your action.

The same process applies if you want to withdraw. You can also click here to view more parameters related to your lending.

Add Collateral

If you would like to borrow, you’ll need to add some collateral first. Click ‘deposit’ and fill in the amount you want to deposit. Then, click the ‘Deposit’ button.

The same steps apply if you wish to withdraw your collateral. Again, you can click here to watch more parameters related to your collateral.

Borrowing

Once you’ve added your collateral, you can now borrow some coins from Scallop. Simply click ‘borrow’ and fill in the amount you want to borrow. Then, click the ‘Borrow’ button.

The same process applies if you want to repay your borrowed amount. You can also click here to view more parameters related to your borrowing.

End

You can always monitor your account status on the user dashboard.

And that concludes my guide for using Scallop. For more information, please visit Scallop. Thank you for Reading.

Kriss

Scallop Links🔗

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kriss_
Scallop

Founder @Scallop_io | Security Eng. | Dj / 2015 Red Bull 3Style Taiwan Qualifier | #Sui #Solana #Defi #Web3