Arbitrum is betting big on DeFi growth. On September 3, the Layer-2 network unveiled DRIP, a $40 million on-chain incentive program designed to boost liquidity and expand lending activity across its ecosystem. The results came fast. On the first day, $20 million in ETH and USD assets were minted on Arbitrum. By day two, inflows had already doubled with users deploying both ETH and stablecoins across six lending protocols. ETH Assets Take the Spotlight The program’s core focus starts with ETH. Five ETH assets are eligible, together holding a $1.07 billion market cap The largest is ether.fi’s weETH at $558M,
The post Arbitrum Launches $40M DRIP Incentives to Accelerate DeFi Adoption, What You Need To Know appeared first on The Merkle News.
