ArbitrumDAO approves 24 million ARB token incentive plan to promote DeFi development
Jinse Finance reported that ArbitrumDAO has announced the first season of its $40 million DeFi Revival Incentive Program (DRIP), which will allocate up to 24 million ARB tokens to accelerate the growth of decentralized finance (DeFi) on the Arbitrum network. DRIP Season 1 focuses on yield-based leveraged looping strategies for Ethereum (ETH) and stablecoins, with incentives directed towards major lending protocols. Users who participate in lending with selected ETH and stablecoin collateral will receive ARB rewards. DRIP is divided into 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
In the past two days, whales and institutions have purchased 218,750 ETH.
Data: A newly created wallet received approximately $24.74 million worth of MKR tokens from FalconX
Bitmine increases its holdings by 48,225 ETH again, worth $207.54 million
Trending news
MoreCrypto prices
More
