Lending
Asset Pools suppliers can earn interest through deposits and can withdraw assets at any time. Assets in Asset Pools will be borrowed by borrowers who already deposited enough collateral assets as collateral, and they will also count the interest with time going.
Similarly to Compound collateral tokens, Scallop also tokenizes debts on the protocol with known as Market Coins. The Market Coins interface allows the construction of positions without needing to interact with underlying assets and can be used to create derivative products that include debt obligations, Market Coins also have an ever-growing value, It's proof that you deposited some coins to the assets pools.
Last modified 9d ago