Scallop Announces Deadline for Sui Overflow Hackathon and Launches Grant Program

According to Odaily, the ecological lending protocol Scallop has announced the deadline for project submissions for the Sui Overflow Hackathon. The deadline is set for May 31st, 23:59 UTC. Developers are encouraged to utilize Scallop's infrastructure to design innovative DeFi solutions for the Scallop Ecosystem Bounty. The bounty prize pool is valued at $10,000 in SCA tokens. In related news, Scallop has also launched the Scallop Grant Program. This initiative aims to support builders and the community in enhancing the Sui DeFi sector by leveraging Scallop's features. The Scallop Ecosystem Grant includes two categories: developers and community. The developer category focuses on Scallop lending, Scallop Market Coins (sCoins), SDK, API, Indexer, and more. Successful applicants can receive a grant ranging from 10,000 to 100,000 SCA tokens. The community category focuses on educational content, real-life events, and various other community-building initiatives. Successful applicants in this category can receive a grant ranging from 2,000 to 5,000 SCA tokens.