SUI ecosystem has been working silently since the airdrop last year. I have a feeling that the public chain sector will rotate to the Move public chain recently. Today I will share the loyalty plan of Scallop, the leading project of SUI ecosystem Defi lending protocol, which will share a total of $100,000 $SCA. It seems that it will not be a loss. We must follow the rhythm (activity) of the project to get the airdrop, so that the brand airdrop is more certain. Moreover, Scallop is the first Defi protocol to receive official funding from the SUI Foundation, and the project background is fine!
The main gameplay of the Scallop loyalty program is to hold veSCA. At the end of the event, the airdrop rewards will be distributed according to the number of veSCA held.
address:
https://app.scallop.io/
Event time: June 10, 2024 - June 14, 2024
Total SCA Rewards: $100,000 worth of SCA tokens
How to qualify?
Just stake 500 SCA to earn veSCA, and you’ll be eligible for more SCA rewards! The more veSCA you hold, the more SCA rewards you’ll get! Two ways to earn more veSCA:
Lock more SCA. If you lock up twice as much SCA, you will get twice as much veSCA.
The longer the SCA is locked. User A locks 1000 SCA for 40 weeks, and User B locks 1000 SCA for 2 weeks. User A will have 20 times more veSCA than User B.
SCA staking rules:
To receive SCA rewards, the following conditions must be met:
Stake at least 500 SCA
The minimum SCA staking period is 2 days
The maximum SCA staking period is 4 years (208 weeks or 1460 days)
About Scallop:
Scallop is the money market of the Sui ecosystem and completed a $3 million strategic round of financing in March this year. By emphasizing institutional-grade quality, enhanced composability, and strong security, Scallop is committed to building a dynamic money market that provides high-interest lending, low-fee lending, AMM and asset management tools on a unified platform, and provides SDKs for professional traders.
Tutorial:
1. Install SUI wallet and register;
https://chromewebstore.google.com/detail/sui-wallet/opcgpfmipidbgpenhmajoajpbobppdil?utm_source=ext_app_menu
2. Withdraw a certain amount of SUI to your wallet through Binance;
3. Replace SUI with SCA, and replace a certain amount of SUI with SCA;
https://app.scallop.io/swap
4. Pledge SCA, enter the amount of SCA to pledge, select the time you want to pledge, and click Pledge;
https://app.scallop.io/vesca
The following content is a loan tutorial:
5. Select the debit asset pool and click Deposit in the SUI line;
https://app.scallop.io/
6. Enter the deposit amount and click "Deposit";
7. After depositing, go to borrow, select the loan pool, click to borrow, generally it is safer to choose LST such as afSUI or haSUI;
8. It is recommended to refer to the risk level for the amount of loaned assets, which should be controlled at around 80%;
9. Then we must maximize the benefits of these borrowed assets. Go to the "Lender Asset Pool" to lend;
10. Select the asset you just borrowed and click "Supply";
10. Select the asset you just borrowed and click "Supply";
11. Click "Maximum" > "Supply" to complete the loan and maximize the benefits of our asset utilization;
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Author: niaovip
Reprinted from the official account: Airdrop Scientist
This article only represents the author’s personal views and is for reference only. It does not constitute investment advice. Please contact the author for reprinting.