Scallop, a leading DeFi platform, has announced several significant updates and milestones. The platform has seen a substantial increase in borrowing, with the borrowed amount rising from $12 million to $63 million last month. Scallop has also refreshed its incentive program, now offering 100% SUI incentives in its borrow pools and a bonus of 360,000 SCA incentives. Users can earn up to a 4X boost on their borrow APR by staking SCA for veSCA. Borrowers can earn up to 90% on borrowed assets, with total borrow incentives amounting to 468,000 SUI. Supported assets include SUI, USDT, USDC, wETH, and LSTs. The platform has achieved over $30 billion in total lending and borrowing volume and $1.7 billion in flash loans volume. Additionally, Scallop has launched a referral program offering a 10% discount on borrow fees and up to 50% of referee's borrow fees as rewards. These developments mark a significant shift towards a borrow-centric DeFi ecosystem within the Sui DeFi space.