Scallop Secures Official Partnership from DWF Labs to Expand Ecosystem
Scallop is thrilled to announce a strategic investment from DWF Labs, a leading new generation Web3 investor and one of the world’s largest high-frequency cryptocurrency trading entities. This partnership marks a pivotal moment in our journey, enhancing our efforts to expand DeFi adoption.
As part of this collaboration, DWF Labs will serve as Scallop’s principal liquidity provider across various centralized exchanges. They will also support over-the-counter (OTC) trading. This partnership aims to bolster the liquidity of the Scallop token across the global market.
With DWF Labs’ extensive expertise and robust network of relationships with trading platforms and exchanges, we are poised to elevate Scallop to new heights, increasing visibility for our platform and expanding our ecosystem.
Furthermore, this collaboration will strengthen Scallop’s position in the institutional market, promoting adoption among institutional investors. The investment from DWF Labs will accelerate the execution of Scallop’s roadmap, support our team in fulfilling our commitments to the community, and enable us to explore new ventures.
We look forward to the exciting developments this partnership will bring.
About DWF Labs
DWF Labs is the new generation Web3 investor and market maker, one of the world’s largest high-frequency cryptocurrency trading entities, which trades spot and derivatives markets on over 60 top exchanges.
Website: https://www.dwf-labs.com/
Twitter: https://twitter.com/DWFLabs
About Scallop
Scallop is the pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation. By emphasizing institutional-grade quality, enhanced composability, and robust security, we are dedicated to building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and digital asset self-administration tool on a unified platform and offering an SDK for professional traders.
Scallop is currently the leading DeFi protocol on Sui Network, sitting at over $140M TVL at the time of writing. Scallop has also achieved incredible milestones, including hitting an all time high TVL of $160M, with over $15 billion in total lending and borrowing volume, and over $2 billion in total Flash Loans volume!
