PANews reported on October 14th that Scallop, the Sui ecosystem lending protocol, announced that its SCA token lockup has reached 50 million, representing approximately 20% of the total SCA supply, with an average lockup period of 3.71 years. The platform stated that converting locked SCA tokens to veSCA will earn borrowers up to 4x the amount of their borrowed assets, encouraging greater use of borrowed assets within the ecosystem.PANews reported on October 14th that Scallop, the Sui ecosystem lending protocol, announced that its SCA token lockup has reached 50 million, representing approximately 20% of the total SCA supply, with an average lockup period of 3.71 years. The platform stated that converting locked SCA tokens to veSCA will earn borrowers up to 4x the amount of their borrowed assets, encouraging greater use of borrowed assets within the ecosystem.
Scallop: SCA locked tokens exceed 50 million, accounting for 20% of the total tokens
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PANews reported on October 14th that Scallop, the Sui ecosystem lending protocol, announced that its SCA token lockup has reached 50 million, representing approximately 20% of the total SCA supply, with an average lockup period of 3.71 years. The platform stated that converting locked SCA tokens to veSCA will earn borrowers up to 4x the amount of their borrowed assets, encouraging greater use of borrowed assets within the ecosystem.
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