Arbitrum's 24M ARB DRIP set to launch What's new: Arbitrum's DRIP incentive program, a 20-week push to boost DeFi activity, launches today at 1 pm UTC with a 24 million ARB token budget. Why it matters: The program aims to re-establish Arbitrum as the top destination for DeFi by incentivizing borrowing and liquidity, directly targeting leverage looping strategies. Driving the news: Season One of DRIP is focused on growing leverage looping on Arbitrum One. How it works: Users earn ARB tokens by borrowing against an eligible list of yield-bearing ETH and stable assets on participating lending platforms. The goal: By incentivizing borrow demand, the program is designed to attract significant liquidity, bolstering Arbitrum's position as a leading DeFi blockchain. By the numbers: The program's structure is built around a phased, 20-week rollout. Total budget: 24M ARB (16M base + 8M discretionary). Duration: 20 weeks, divided into 10 bi-weekly "epochs." Phased rollout: 🟢...
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