Walrus leads the spring of Sui DeFi! Learn in this article about the on-chain DeFi mining opportunities with four-digit annualized returns.

The decentralized storage Walrus of the Sui ecosystem recently issued its coin debut on a large exchange in Korea, sparking community discussions. The DeFi ecosystem on Sui also provides substantial subsidies to Walrus, with rewards close to 2000% annualized for projects like Scallop and Bluefin. The high yields in DeFi on Sui mainly stem from the subsidies provided by Sui's official support and the DeFi protocols themselves. Readers of Chain News may seize this opportunity to earn high returns in DeFi.

( Franklin Templeton and a16z have teamed up again to invest in the decentralized storage Walrus based on Sui, with a financing amount of 140 million USD ).

Borrowing money can actually generate income? The annualized yield for borrowing WAL on Scallop can reach as high as 1883%.

Scallop is a lending protocol on Sui, backed by investments from Sui officials and DWF Labs. Its features include the separation of lender and borrower liquidity pools, meaning users can simply provide liquidity in the protocol. To borrow, one must first collateralize assets in the borrower liquidity pool, and then the loan amount is determined based on the collateralization rate of the assets. This feature ensures that if the borrowing position is liquidated, the positions that simply provide liquidity are protected. Additionally, it is worth mentioning that Scallop has deep cooperation with Sui officials, and borrowing in this protocol also offers annualized returns.

Currently, the annualized yield for borrowing WAL in the isolated asset pool on Scallop reaches up to 1883%. The annualized yield for providing liquidity also reaches up to 500%.

Use the author's link to enjoy a loan fee discount (. If you have used Scallop, you can also register again ):

The annual yield of the WAL/USDC liquidity pool can reach up to 2449%.

In addition, the annualized yield of the WAL/USDC liquidity pool on Bluefin currently reaches 2449%. Bluefin is the perpetual contract exchange for Sui. Additionally, there are trading competitions and trading mining with WAL as rewards, but it is important to be aware of liquidity risks.

This article "Walrus Leads the Spring of Sui DeFi!" provides an understanding of the current on-chain DeFi mining opportunities with four-digit annualized returns. It first appeared on Blockchain News ABMedia.