Scallop is the pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation. By emphasizing institutional-grade quality, enhanced composability, and robust security, they're dedicated to building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and digital asset self-administration tool on a unified platform and offering an SDK for professional traders.

Scallop has confirmed to launch the SCA token and do an airdrop for early users. Users who do lending and borrowing on the platform will get free SCA tokens when the tokens go live.

Step-by-Step Guide:
  1. Visit the Scallop website.
  2. Connect your Sui wallet.
  3. You will need some SUI and/or other tokens. You can get them on Binance.
  4. Now go to lending and supply tokens.
  5. Also, try borrowing some tokens by providing collateral.
  6. Apart from the mentioned APY, participants will also earn SUI tokens from the Scallop Incentive Program which is expected to continue for the duration of the next quarter.
  7. They’ve confirmed the launch of the SCA token and have confirmed to airdrop it to early lenders and borrowers.

You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!

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