Arbitrum Launches $40 Million Incentive Program to Boost DeFi Activity on its Network

Arbitrum, Ethereum’s leading Layer 2 scaling solution, has launched a significant initiative aimed at driving growth in decentralized finance (DeFi). The new DeFi Renaissance Incentive Program (DRIP), valued at over $40 million, will reward users for engaging with specific DeFi actions. This program marks a key milestone as Arbitrum seeks to solidify its position as the frontrunner for L2 scaling and innovation.