ArbitrumDAO has launched its inaugural $40 million DeFi Renaissance Incentive Program (DRIP), distributing up to 24 million ARB to bolster the Arbitrum Network's DeFi ecosystem. The first season of the program will focus on ETH and stablecoin leveraged recycling strategies, targeting mainstream lending protocols such as Aave, Morpho, Fluid, Euler, Dolomite, and Silo. Participants can earn ARB rewards by staking designated ETH and stablecoins. The DRIP initiative is structured into four seasons, with a total allocation of 80 million ARB. Each season will concentrate on different DeFi scenarios, and strategies demonstrating high performance will receive ongoing support. This program aims to stimulate growth and innovation within the Arbitrum Network's DeFi landscape.
ArbitrumDAO Unveils $40M DeFi Incentive Program, Distributes 24M ARB
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