Scallop: Will enter testing next week, increasing borrowing incentives by redistributing SUI supply incentives
On April 25th, Scallop released an update regarding their borrowing incentive plan. Next week, Scallop will enter a testing period and gradually increase the borrowing incentive for SUI by reallocating the supply incentive. The details of the SUI reward distribution are as follows:
Week 1 (April 29th): Supply incentive (50%)/ Borrowing incentive (50%);
In addition to the SUI reward, Scallop borrowers will also be eligible for SCABoosted borrowing incentives, up to 4 times their borrowing APR;
To maintain a healthy ecosystem, Scallop lenders will still benefit from SCA incentive measures.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
Bitget Trading Club Championship (Phase 20)—Up to 2400 BGB per user, plus a RHEA pool and Mystery Boxes
Subscribe to ETH Earn products for dual rewards exclusive for VIPs— enjoy up to 8% APR and share 30,000 USDT!
Bitget Spot Margin Announcement on Suspension of ICNT/USDT, PROMPT/USDT, CAMP/USDT, FARTCOIN/USDT, PEAQ/USDT Margin Trading Services
