ArbitrumDAO approved an incentive plan of 24 million ARB tokens to promote Decentralized Finance rise.

robot
Abstract generation in progress

On September 3, ArbitrumDAO announced the first season of its $40 million DeFi revival incentive program (DRIP), allocating up to 24 million ARB to accelerate the rise of decentralized finance on the Arbitrum network. DRIP Season 1 focuses on leveraged looping strategies for yield-bearing ETH and stablecoins, with incentives flowing to 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).

ARB5.51%
DEFI-6.19%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)