Lending · Review
ActiveScallop Lend Review 2026: Sui's Lending Money Market
Scallop Lend is a money market on the Sui blockchain where users can lend and borrow crypto assets. It has about 9.6 million USD in TVL, but DefiLlama lists no audits for it.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.0/10
Mixed
Our verdict on Scallop Lend
6.0/10Scallop Lend suits users already on Sui who want to earn interest on idle assets or borrow against collateral. Its main strength is a focused money market with a multi-year presence and its own token. The main caveat is that DefiLlama lists no audits and public sources give no rates or risk parameters, so verify security documentation and current terms before depositing.
Score breakdown
How Scallop Lend scores
- Security
- 5.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 6.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Scallop Lend?
Scallop Lend is a lending and borrowing protocol built on the Sui blockchain. DefiLlama describes it as a next-generation money market for the Sui ecosystem, emphasizing institutional-grade quality, composability and security.
DefiLlama tracks about 9.6 million USD in total value locked, up 4.2 percent over seven days, and has listed the protocol since August 2022. It has a native token, SCA. DefiLlama shows no audits for it.
Its homepage provided is minimal, so details such as supported assets, rates and risk parameters are not covered here.
How Scallop Lend works
Scallop is a money market. Users deposit assets into shared pools and earn interest paid by borrowers. Borrowers lock collateral and take out loans from those pools.
Interest rates in this type of protocol usually adjust automatically with how much of a pool is borrowed. If a borrower's collateral value falls too far relative to the loan, the position can be liquidated to protect lenders.
All of this is handled by smart contracts on Sui, so users keep control of their wallets rather than handing funds to a company account. The specific parameters for Scallop are not given publicly.
5 features
Key features
01
Lending and borrowing
Users can supply assets to earn interest or borrow against collateral, the standard function of a money market.
02
Sui-native
The protocol is built for the Sui blockchain, using its wallets and network.
03
Composability focus
The project describes its design as emphasizing composability, meaning other Sui apps can build on top of it.
04
SCA token
DefiLlama lists a token with the ticker SCA associated with the protocol.
05
Long track record
The protocol has been tracked on DefiLlama since August 2022, which gives it a multi-year presence.
Pros and cons
What we like
- Focused lending and borrowing product on Sui
- Tracked on DefiLlama since August 2022
- Has a native token, SCA
- Positions itself around composability for other Sui apps
- TVL grew 4.2 percent over seven days
Watch out for
- DefiLlama lists no audits for this entry, so security claims cannot be checked
- Runs only on Sui, so it depends on that chain's health and liquidity
- Interest rates, collateral factors and liquidation parameters are not stated publicly
- Smart-contract, oracle and liquidation risks apply as with any on-chain money market
- TVL of roughly 9.6 million USD is modest next to the largest lending markets
Scallop Lend fees
Fees are not published. Lending protocols typically charge borrowers interest and may take a share of that interest as a protocol fee, but the specific rates for Scallop are not stated here.
Users would see current borrow and supply rates for each asset in the app, plus Sui network gas fees for every transaction.
Is Scallop Lend safe?
DefiLlama lists no audits for Scallop. The project's own description claims robust security, but public sources give no audit firms, bug bounty or incident history to back this up. Readers should check the official documentation for audit reports.
Lending protocols carry smart-contract risk, oracle risk and liquidation risk. Funds sit in on-chain contracts rather than with a custodian. Nothing addresses regulatory status. Only deposit what you can afford to lose.
6 steps
How to get started with Scallop Lend
- 1
Install a Sui-compatible wallet and keep a small amount of SUI for gas.
- 2
Open the official Scallop app and connect the wallet.
- 3
Review the supported assets, current supply and borrow rates, and collateral rules.
- 4
Look for audit reports and documentation before depositing funds.
- 5
Start with a small deposit to learn how supplying works.
- 6
If borrowing, keep a safe margin above the liquidation threshold and monitor your position.
Who Scallop Lend is for
Scallop is aimed at Sui users who want to lend or borrow crypto on-chain. It suits people comfortable with wallets, collateral and liquidation risk, and who will check audits and rates themselves.
Scallop Lend FAQs
What is Scallop Lend?
Scallop is a DeFi protocol for lending and borrowing on the Sui blockchain. DefiLlama describes it as a next-generation money market for the Sui ecosystem.
Which blockchain does Scallop use?
Scallop runs on Sui. You need a Sui-compatible wallet and some SUI for network fees to use it.
Does Scallop have a token?
Yes, the protocol has a token called SCA, according to DefiLlama. The project does not describe its exact role, so check the project's own documentation for details.
Has Scallop been audited?
DefiLlama lists no audits for Scallop. That does not prove none exist, so look for audit reports in the project's documentation before depositing.
What interest rates does Scallop offer?
Rates are not published publicly. They change with supply and demand, and the app shows current figures for each asset.
How big is Scallop?
DefiLlama shows Scallop tracked since August 2022, with about 9.6 million USD in TVL and a 4.2 percent rise over seven days at the time of the data.
Compare
Scallop Lend alternatives
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How we checked
Sources
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