ArbitrumDAO approves 24 million ARB token incentive program to boost DeFi growth
ChainCatcher news, according to CoinDesk, ArbitrumDAO has announced the first season of its $40 million DeFi Revival Incentive Program (DRIP), allocating up to 24 million ARB to accelerate the growth of decentralized finance on the Arbitrum network.
DRIP Season 1 focuses on leveraged looping strategies for yield-bearing ETH and stablecoins, with incentives directed towards leading lending protocols including Aave, Morpho, Fluid, Euler, Dolomite, and Silo. Users will earn ARB rewards by borrowing selected ETH and stablecoin collateral, including weETH, wstETH, sUSDC, and syrupUSDC.
DRIP Season 1 focuses on leveraged looping strategies for yield-bearing ETH and stablecoins, and directs incentives to leading lending protocols. Users will earn ARB rewards by borrowing selected ETH and stablecoin collateral. DRIP spans four seasons, with a total budget of 80 million ARB tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
American Bitcoin triggers circuit breaker for the second time, gains narrow to 40.58%
Ondo launches over 100 tokenized US stocks and ETFs, with future support for BNB Chain and Solana
Data: USDe's scale on centralized exchanges surpasses $1 billion
Bitcoin dominance drops to 55%, signs of altcoin rotation emerge
Trending news
MoreCrypto prices
More
