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.
You may also like
Bitcoin Shows Potential for Volatility Amid Weekend Gains and Resistance Levels
Ether Faces Potential 50% Decline Against Bitcoin by End of 2024 Amid Market Challenges
XRP Shows Potential for Further Growth Amid Support Near $1.07 and Market Optimism
Ripple Labs and CEO come under fire amid rumors of a Trump meeting