Scallop, the largest lending protocol on Sui Chain, launches Loyalty Program 2

Scallop @Scallop_io Only about a month after the launch of the first loyalty program, Scallop's total revenue has exceeded 1 million US dollars. The project has a big picture. It completed two repurchases a day ago, repurchasing a total of 115,000 U of $SCA, and will reward the repurchased $SCA to $SCA pledgers.

Staking website:

https://app.scallop.io/referral?ref=0x223d7e34a25df581ae39ba91daaf6f8b0c5341fbd96f1ca34f3b0ef1eb5d65b7

Buyback transaction Hash:

https://suivision.xyz/txblock/8RpfxFZhzTsWZQZ1qaa3rrYjj2jYZmRSrVmS6x9GzPm

https://suivision.xyz/txblock/9mPWDvCKWEJibumdwv3rjhGbh73CjpUnbxMG7TLsm7JW

Event details:

SCA rewards will be distributed to veSCA holders daily. The more veSCA you hold, the more SCA rewards you will get!

Total SCA Rewards: $100,000 worth of SCA tokens (313,353 SCA tokens)

Event Time: July 17, 2024 to July 21, 2024

Snapshots of veSCA will be taken every day at 12:00 AM UTC (8:00 AM Beijing time). The first snapshot will be taken at 12:00 AM UTC on July 17.

Rewards can be claimed 2 hours after the snapshot is taken.

Conditions:

1. Hold at least 500 veSCA

2. The minimum staking period for SCA is 2 days

3. The maximum staking period for SCA is 4 years (208 weeks or 1460 days)

To get more SCA rewards, there are two ways, extend the staking period or increase the staking amount to increase the value of veSCA.

1. Pledge more SCA to get more veSCA and increase your share in the prize pool. 2. Extend the staking time of SCA. The longer you lock SCA, the more veSCA you will get.