- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
ArbitrumDAO has approved a total of 80 million ARB tokens for an incentive program to drive DeFi growth
BlockBeats News, September 3rd, ArbitrumDAO announced the first season of its $40 million DeFi Revival Incentive Program (DRIP), allocating up to 24 million ARB to accelerate decentralized finance growth on the Arbitrum network.
The first season of DRIP focuses on a leverage loop strategy for yield-bearing ETH and stablecoins, with incentives flowing to leading lending protocols, including Aave, Morpho, Fluid, Euler, Dolomite, and Silo. Users will receive ARB rewards by borrowing selected ETH and stablecoin collateral (including weETH, wstETH, sUSDC, and syrupUSDC).
The first season of DRIP focuses on a leverage loop strategy for yield-bearing ETH and stablecoins, directing the incentive mechanism towards leading lending protocols. Users will receive ARB rewards by borrowing selected ETH and stablecoin collateral. DRIP spans across four seasons, with a total budget of 80 million ARB tokens.
You may also like
Gainers
Latest Crypto News
Suspected Ethena Labs Withdraws Another 25 Million ENA
Yesterday's Whale Trader Who Perfectly Shorted Before the Major Drop Goes Long on ETH with 2x Leverage, Holding a Position Worth $56 Million
Tom Lee: S&P 500 to Rise to 7300, Surge in Market Liquidity Could Be Explosive
Franklin Templeton XRP Spot ETF AUM Surpasses $100 Million
「ZEC&MON Top Short in History」 Take-Profit Section: The ZEC short position has made a profit of over $5 million, while simultaneously shorting MON has a unrealized gain of nearly $2 million.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App