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.
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