SCA Guide — All You Need To Know

Lionel
Scallop
Published in
3 min readApr 5, 2024

Looking to purchase SCA and join the Scallop ecosystem?

This all-in-one guide will be all you need to get started with all things SCA!

Getting Started

In order to hold SCA or to use it on Scallop, you will first need to setup a Sui native wallet.

Popular Sui wallets: Sui Wallet, OKX Wallet, Suiet and Surf

Official SCA Contract Address: 0x7016aae72cfc67f2fadf55769c0a7dd54291a583b63051a5ed71081cce836ac6::sca::SCA

Buying SCA

SCA is currently available on multiple Centralized Exchanges (CEX) and Decentralized Exchanges (DEX).

Purchasing SCA on DEX

Users will be able to directly purchase SCA via Scallop Swap.

Step 1: Ensure that your Sui wallet holds either SUI or USDC. Head to Scallop Swap page.

Scallop Swap landing page

Step 2: Enter the amount and press “Swap”.

Step 3: Once you confirm the transaction in your Sui wallet, you should see your SCA in your wallet!

Purchasing SCA on CEX

List of CEX: Bybit, Kucoin, MEXC, Gate, BingX, LBank Exchange, HTX, Bitget, BitMart, Hotcoin, Deepcoin.

Step 1: Head to the spot trading page on the CEX of your choice.

SCA-USDT Spot Page on Kucoin

Step 2: Enter the amount of SCA that you want to purchase.

Purchase SCA via Spot

Step 3: Head to the “Withdraw” section and select SCA as the asset to withdraw. SCA withdrawals can only be done via Sui Network.

Withdraw SCA via Sui network

Step 4: Once the withdrawal is successful, you should see your SCA in your Sui wallet!

Staking SCA for veSCA

Now that you have purchased your SCA, it’s time to stake it on Scallop for juicy incentives!

Step 1: Head to Scallop dApp.

Head to Scallop dApp

Step 2: Navigate to the veSCA Staking Page

Scallop veSCA Staking Page

Step 3: Input the amount of SCA you want to stake. You have the option to select how long you want to lock your SCA for.

Stake your SCA for veSCA

And there you have it, you have successfully staked SCA for veSCA! You will now be eligible for juicy SCA incentive rewards when you borrow on Scallop!

SCA Perpetual Trading Platforms

SCA is also available on multiple perpetual futures trading platforms.

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