Sui ecosystem lending protocol Scallop has announced a loyalty program with plans to distribute $100,000 in SCA tokens to dedicated community members. The program will run from September 26 to September 30. 🎉
To participate, users must stake their SCA tokens to earn veSCA. The more veSCA, the more rewards. veSCA decreases over time, but you can extend the lockup period to increase your balance.
veSCA snapshots will be taken daily at 12:00 UTC starting September 26. Rewards will be available to claim two hours after each snapshot. The minimum to participate is 1,000 veSCA.