Scallop
Head to the Scallop website. Connect your Sui wallet and ensure you have some SUI and/or other tokens; you can acquire them from Binance.
Navigate to the lending section and contribute tokens and experiment with borrowing tokens by offering collateral.
In addition to the mentioned APY, participants will also receive SUI tokens through the ongoing Scallop Incentive Program, scheduled to continue throughout the next quarter.
Scallop Airdrop Guide
What is Scallop?
Scallop stands as the innovative peer-to-peer Money Market at the forefront of the Next Generation within the Sui ecosystem. It proudly holds the distinction of being the inaugural DeFi protocol to secure an official grant from the Sui Foundation. With a focus on institutional-grade standards, increased composability, and strong security measures, Scallop is committed to constructing a dynamic money market. This market aims to provide high-interest lending, cost-effective borrowing, AMM functionality, and a self-administration tool for digital assets—all integrated on a unified platform. Additionally, Scallop offers an SDK tailored for professional traders.
What about airdrop?
Scallop has officially announced the forthcoming launch of the SCA token and has committed to conducting an airdrop for early platform users. Participants engaged in lending and borrowing activities on the platform will receive complimentary SCA tokens once they are introduced to the live environment.
How To Participate In Scallop Airdrop?
The launch of the SCA token has been officially confirmed, and it will be airdropped to early lenders and borrowers as well. Complete the mentioned steps to become eligible!
That's all! Thanks for reading!
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