Scallop is a lending platform backed by the Sui Foundation, which claimed the top spot at the Sui Builder House Seoul Hackathon in June 2023. It distinguishes itself with attractive lending interest rates, minimal borrowing fees, self-managing cryptocurrency tools, and offering SDKs tailored for professional traders. Within the Move ecosystem, Scallop stands out as the largest and fastest-growing currency market.
The project’s airdrop program is set to commence in the first quarter, and it operates in two phases. Phase 2, which spans from January 15 until the Token Generation Event (TGE), determines distribution points for users based on various criteria such as supply and borrowing amounts, lending and borrowing periods, among others. Snapshots are taken continuously, and points are updated every 48 hours. Upon the conclusion of the campaign, users can exchange their points for Mystery Pearls to claim the airdrop.
Step by step guide for farming Scallop airdrop
- Visit Scallop’s Platform: Go to https://app.scallop.io/.
- Connect Sui Wallet: Connect your Sui wallet to the platform.
- Lending:
- Navigate to the Lending section.
- Choose the token you wish to lend.
- Click on “Supply” and input the desired amount.
- Borrowing:
- Head to the Borrowing section (ensure you have collateral assets).
- In Collateral Pools, click “Deposit” and enter the amount.
- In Borrowing Pools, click “Borrow” and enter the amount (note: you cannot borrow the same type as collateral assets).
- Claim Airdrop:
- Visit https://airdrop.scallop.io/.
- Connect your wallet.
- Click on “Claim Now” to initiate the claim process.
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