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Odaily Planet Daily News Scallop stated in an article on X platform that the first batch of SCA rewards for the Scallop veSCA loyalty program has been issued. The activity lasted from June 11th to June 14th.

Coin Network reported: On April 25, Scallop released an update on the borrowing incentive program. Next week, Scallop will enter a testing period to gradually increase SUI's borrowing incentives by redistributing SUI's supply incentives. SUI reward distribution details are as follows: Week 1 (April 29): Supply Incentive (50%)/Borrowing Incentive (50%); In addition to the SUI rewards, Scallop borrowers will also be eligible for SCABoosted borrowing incentives long up to 4 times their borrowing APR; To maintain a healthy ecosystem, Scallop lenders will still benefit from SCA incentives.

On April 25, Scallop released an update on the borrowing incentive program. Next week, Scallop will enter a testing period to gradually increase SUI's borrowing incentives by redistributing SUI's supply incentives. SUI reward distribution details are as follows: Week 1 (April 29): Supply Incentive (50%)/Borrowing Incentive (50%); In addition to the SUI rewards, Scallop borrowers will also be eligible for SCABoosted borrowing incentives long up to 4 times their borrowing APR; To maintain a healthy ecosystem, Scallop lenders will still benefit from SCA incentives.

PANews news on April 25, protocol to the official blog, Sui ecological lending protocol Scallop announced that Scallop will enter a testing period next week to gradually increase SUI's borrowing incentives by redistributing from SUI supply incentives. This implementation is designed to drive more long lending activity for Scallop and Sui Network as a whole. SUI Incentive Distribution Breakdown: Week 1 (April 29): Supply Incentive (50%) / Lending Incentive (50%). In addition to the SUI incentive, Scallop borrowers will also be eligible for the SCA Boost Borrowing Incentive, which will earn up to 4x the annual Intrerest rate on borrowing. To maintain a healthy ecosystem, Scallop lenders will still be incentivized by SCA incentives.

According to official information, Scallop released an update on the borrowing incentive program. Next week, Scallop will enter a testing period to gradually increase SUI's borrowing incentives by redistributing SUI's supply incentives. SUI reward distribution details are as follows: Week 1 (April 29): Supply Incentives (50%)/Borrowing Incentives (50%); In addition to SUI rewards, Scallop borrowers will be eligible for SCA Boosted borrowing incentives up to longest to 4 times their borrowing APR; To maintain a healthy ecosystem, Scallop lenders will still benefit from SCA incentives.

According to official news, Sui ecological lending protocol Scallop announced the launch of SCA borrowing incentive project SCA Borrowing Incentives, for users who borrow from Scallop, by participating in SCA staking and holding veSCA, in addition to the current SUI incentives, will also receive SCA rewards. It is reported that the SCA Borrowing Incentives will be launched on March 25, with a reward of 28,000 SCA in the first week, and the subsequent weekly rewards will be dynamically adjusted. According to Scallop disclosures, only veSCA holders are eligible for additional SCA rewards.

On March 8th, PANews reported that the Scallop lending protocol in the Sui ecosystem announced on the X platform that the SCA token airdrop will be available for collection starting at 19:00 on March 8th Beijing time. Yesterday, Scallop disclosed the token economics of SCA: the total supply is 250 million, with 7.5% allocated for airdrops and other activities.

PANews News on October 19, according to Cointelegraph, Sheikh Saud bin Saqr Al Qasimi, ruler of the Emirate of Ras Al Khaimah in the United Arab Emirates, announced the establishment of the new Ras Al Khaimah Digital Asset Oasis (RAK DAO), an economic free zone dedicated to supporting companies engaged in digital and virtual assets, blockchain, Web3 and artificial intelligence. RAK DAO and its ecosystem partners will also provide grant programs and professional support in various areas such as technology, marketing, and business development. In addition, Maryam Buti Al Suwaidi, CEO of the country's Securities and Commodities Administration (SCA), and Sameer Al Ansari, CEO of RAK DAO, also signed a memorandum of understanding (MoU). RAK DAO joins the UAE Web3-friendly free zone list, a region where entrepreneurs have 100% ownership of their businesses and have their own tax plans and regulatory framework (except for UAE criminal law).