The Scallop Loyalty Program offers an exciting opportunity for eligible Scallopers to earn daily sSCA rewards, enhancing their engagement with the platform. This program runs from February 25th to March 1st, 2025, and includes a total reward pool of 100,000 USD worth of sSCA tokens.
An exciting chance for Scallopers to earn daily sSCA rewards from a total pool of 100,000 USD awaits!
To qualify, Scallopers need to stake and hold over 1,500 veSCA, with a snapshot taken daily at 12 AM UTC to determine eligibility.
Daily rewards get distributed to veSCA holders, calculated based on a straightforward formula. The total veSCA from all participants, denoted as TveSCA, plays a significant role in how individual rewards are determined. Scallopers who own a specific amount of veSCA, referred to as UveSCA, will receive a corresponding share of the Treward pool for the day. The more veSCA a participant holds, the greater their share of sSCA rewards.
To optimize these rewards, Scallopers should consider holding more veSCA. A beneficial strategy involves locking SCA for longer periods, as this effectively doubles the veSCA. For instance, User A locking for 40 weeks will earn a staggering 20 times more veSCA compared to User B, who locks for just 2 weeks.
It’s important to keep in mind that veSCA decays linearly over time, so extending the lock period preserves its value.
Participants must meet several staking rules, including a minimum veSCA requirement of 1,500 and a minimum staking duration of 2 days. The maximum staking period extends up to 4 years, allowing flexibility in how Scallopers choose to manage their investments.
Once the lock duration ends, the locked SCA becomes fully released, providing participants with their returns.
As Scallopers engage with the Loyalty Program, their continued support will be significant for future events and rewards. The Scallop platform appreciates this commitment and encourages users to stay tuned for updates on upcoming initiatives.