Arbitrum Launches $40 Million DRIP Program to Fuel DeFi Growth

Arbitrum DAO launched its new initiative, the DeFi Renaissance Incentive Program (DRIP), aiming to drive growth within the entire Arbitrum ecosystem. Instead of rewarding individual DeFi protocols, DRIP focuses on rewarding specific activities and assets across the network. This marks a shift in how Layer 2 networks incentivize DeFi, moving away from protocol-specific rewards towards an ecosystem-wide approach. With $24 million worth of ARB tokens allocated during its first season, Arbitrum is committed to accelerating DeFi evolution on its platform.