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TechFlow reported that Sui-based lending protocol Scallop announced its platform revenue has surpassed $1.5 million. The Scallop team will repurchase $100,000 worth of SCA tokens and distribute them to users from September 11 to 15, 2024.
Eligible users must hold at least 800 veSCA. To date, the platform has staked 10 million $SCA, with an average staking period of 3.7 years.
Scallop, a lending protocol in the Sui ecosystem, announced its platform revenue has surpassed $1.5 million. The Scallop team will repurchase $100,000 worth of SCA tokens and distribute them to users from September 11 to 15, 2024. Eligible users must hold at least 800 veSCA. To date, 10 million $SCA have been staked on the platform, with an average lock-up period of 3.7 years.
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