Airdrop Amplifier : Unleash Leverage Power on Scallop for $PYTH Airdrop
Simple Leverage is a tool designed specifically for Scallop users.
It helps users to meet the Borrowing > $100 USD threshold to participate in the $PYTH airdrop, with minimal capital required. This unlocks a more efficient use of funds.
What is Strater
Strater aims to be a one-stop DeFi operation hub in the Sui ecosystem. It creates dedicated strategy vaults for each DeFi protocol, lowering the understanding and operation threshold for users.
It can even integrate multiple DeFi protocols into a single strategy vault, thereby unlocking more yield opportunities for users with predictable risk.
Scallop : The Largest Lending Market in the Sui Ecosystem
Scallop is the largest lending market in the Sui ecosystem. Its TVL has grown from 1M to 150M in the past 6 months.
Its 2nd phase airdrop program attracted a lot of users to participate, and it started a new round of $PYTH airdrop activity on 21 Feb.
How to Maximize Your Earnings in $PYTH Airdrop
Scallop announced that any address that borrows or lends more than 100 USD on Scallop during the specified period will be eligible for the $PYTH airdrop.
The official will take random snapshots every day and distribute $PYTH rewards.
Eligibility
- Supply or Borrow > 100 USD
- Period : 21st Feb ~ 27th Feb
On Scallop, the borrowing limit is 70% of the collateral value. In the case of Sui Price = $1.6, users need to provide 85 Sui (~ 136 USD) to reach the minimum borrowing 100 USDC.
How Strater Maximizes Your Earnings
With Strater, Deposit 31 Sui(~$50) to reach borrow > $100 USDC and maximize your chance to earn PYTH with leverage strategy provided by Strater.
Vault → Leverage Scallop
Step1 . Input Deposit Amount
With Strater, you only need 31 Sui to reach 102.52 USDC borrowing.
Step2 . Set Leverage
Set leverage to 3x, increace collateral value from 31 Sui to 91.8 Sui. Debt reached 102.52 USDC, which meet Scallop Airdrop cretira.
Step3 . Check Balance on Scallop
Leverage on Strater 👉🏻 https://strater.xyz/vault/leverage?protocol=Scallop
How does it work
We use PTB ( Programmable Transaction Block ) to execute deposit, flash loan, and borrowing in a single block, interacting directly with the Scallop contract. Audits are not needed, ensuring the safety of your funds.
Consider a user with an initial position of 31 SUI aiming for 3x Leverage.
- User provides 31 SUI.
- Flash loans 62 SUI (via Bucket).
- Deposits 93 SUI and borrows 103 USDC (via Scallop).
- Swaps USDC for 62 SUI (via Cetus).
- Repays the 62 SUI to Bucket.
What are the risks
Leverage carries risks.
If the Sui price drops to $1.3, it may lead to the liquidation of your collateral. Therefore, please stay vigilant regarding price volatility.
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.
About Strater
Starter is a one-stop DeFi operation hub for the Sui ecosystem, integrating protocols like lending, DEX, and LST assets.
By using programmable transactions, we aim to maximize the advantages of each DeFi protocol, simplifying on-chain operations like leveraging and yield boosting in on-click making it more accessible to the public.
