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