The first DeFi protocol to be granted an official grant by the Sui Foundation is Scallop, the Next Generation peer-to-peer Money Market for the Sui ecosystem. They are committed to creating a dynamic money market that provides high-interest lending, low-fee borrowing, AMM, and a digital asset self-administration tool on a single platform, as well as an SDK for professional traders, by putting an emphasis on institutional-grade quality, improved composability, and strong security.
The introduction of the SCA coin and an airdrop for early users have been verified by Scallop. When the tokens go live, users who lend and borrow money on the site will receive free SCA tokens.
Status: Airdrop Confirmed
Step-by-Step Guide:
- Go to the Scallop webpage.
- Link your Sui wallet.
- Tokens and/or SUI will be required. They are available on Binance.
- Proceed to supply tokens and lend now.
- Try obtaining some tokens by offering collateral as well.
- Participants will get SUI tokens in addition to the previously specified APY through the Scallop Incentive Program, which is anticipated to run for the upcoming quarter.
- Both the SCA token’s launch and its airdrop to early lenders and borrowers have been confirmed.
Disclaimer: We are not financial advisors. The airdrop content on this page is for educational purposes only and merely cites personal opinions. While we strive to provide quality airdrops, we advise you to conduct your research and make smart decisions.
This post does not serve as an endorsement or reason to invest in a project. Finally, there is no guarantee that you will be making a profit or loss from this project and we'll not be liable for any loss.
This post does not serve as an endorsement or reason to invest in a project. Finally, there is no guarantee that you will be making a profit or loss from this project and we'll not be liable for any loss.
