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SCLP Staking: Earn Up to 200% APY

Scallop is excited to announce the launch of its staking program that will go live on 28th October 2021, immediately following the listings of SCLP token on KuCoin Exchange and PancakeSwap.

This article will detail all the necessary information for SCLP holder’s to earn premiums on their held assets.

User’s will be able to stake SCLP tokens for a minimum period of 30 days and a maximum period of 4 years — with higher APY awarded for longer periods of staking. Up to 200% APY is available on the platform!

How To Stake:

Go to: (Site will go live on listing date — 28th October 2021)

  1. Click ‘Connect Wallet’ in the top right-hand corner of the page to connect your MetaMask Wallet to the platform
  2. After successfully connecting your wallet, input the amount of SCLP that you would like to stake, select a period of time that you would like to stake for and then click ‘Proceed’.
  3. A MetaMask pop-up window will appear. Please follow the instructions to complete the transaction.

After successful completion of the transaction, your SCLP tokens will be locked into the platform for the duration of the period selected.

  • Rewards are available to claim immediately and your total amount of SCLP (input amount + rewards) is shown and updated in real time
  • You can unstake your SCLP tokens after the full duration of the staking period is completed by clicking ‘Unstake now’ in the user interface
  • Increased locking periods and staking amounts are available in the interface

About Scallop

Scallop is an innovative fintech project with a robust set of DeFi and banking products. The project aims to bridge traditional and decentralized financial worlds and promote the use of DeFi products in managing crypto and fiat assets in a single place.

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