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Scallop: Will enter testing next week, increasing borrowing incentives by redistributing SUI supply incentives

Scallop: Will enter testing next week, increasing borrowing incentives by redistributing SUI supply incentives

CointimeCointime2024/04/25 05:49
By:Cointime

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.

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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.

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