On April 25th, Scallop released an update on the borrowing incentive program. Next week, Scallop will enter a beta period to gradually increase the borrowing incentive of SUI by reallocating the supply incentive of SUI. The SUI reward distribution details are as follows:
Week 1 (April 29): Supply Incentive (50%)/Borrowing Incentive (50%)
In addition to SUI rewards, Scallop borrowers will also be eligible for SCABoosted borrowing incentives up to four times their borrowing APR.
In order to maintain a healthy ecosystem, Scallop lenders will still benefit from SCA incentives.
Scallop: Going into beta next week, increase borrowing incentives by reallocating SUI supply incentives
2024-04-25 05:32:16
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