rewrite this content using a minimum of 1200 words and keep HTML tags
Scopuly, a non-custodial Stellar wallet that uses the Changelly API, is rolling out a new rewards feature from June 16–30: SCOP cashback on exchange transactions powered by Changelly inside the app.
Here’s what the update means for users and how it works.
What’s Changing for Scopuly Users
Scopuly lets users swap, buy, and sell crypto directly from the wallet through the Changelly API. Each of these exchange operations carries a 0.5% service fee applied by Scopuly within the app.
With the upcoming release, eligible Swap, Buy, and Sell transactions will earn SCOP cashback that can cover this fee. In fact, the exchange fee will be returned to the user in SCOP, the token that supports Scopuly’s rewards system.
The mechanics are straightforward: a user completes an exchange in Scopuly, the transaction is routed through Changelly, Scopuly calculates the cashback, and the user receives SCOP. Funds remain in the user’s control throughout, since Scopuly is non-custodial.
Scopuly’s Roadmap
The cashback feature builds on infrastructure Scopuly has been developing in recent releases, including improvements to the wallet experience, user authorization, security, AI-powered features, and developer tools such as the Scopuly Deeplink SDK and a Stellar Payment Button.
A working cashback system depends on this groundwork. Rewarding users requires connecting exchange activity, sessions, transaction history, cashback calculation, and SCOP distribution in a secure, consistent way.
Cashback on Changelly transactions is the first step in a wider plan to extend SCOP utility across more actions in the wallet over time, potentially including fiat exchange flows, Stellar payments, DEX trades, liquidity pool activity, future card transactions, and other services. For now, the focus is on Changelly-powered Swap, Buy, and Sell operations.
Why It’s Important for Stellar
Scopuly is built on Stellar, which is designed for fast, low-cost transactions and practical financial use. Combining Stellar-native wallet features with Changelly exchange access, cashback, liquidity tools, and payments is part of an effort to make everyday crypto activity simpler within a single interface. Useful, low-friction wallet experiences on Stellar contribute to the network’s broader adoption.
What to Expect
On June 16–30, users will be able to earn SCOP cashback on every eligible Swap, Buy, or Sell transaction made through Changelly in the Scopuly app, with the 0.5% exchange service fee eligible to be covered by that cashback.
The goal of the update is to make exchanging crypto through Scopuly more rewarding, increase engagement within the wallet, and give SCOP a clearer, activity-based use case.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this
Source link
