Arbitrum Launches $40 Million DeFi Incentive Program to Boost Lending Market Growth

Arbitrum has launched a new $40 million incentive program focused on enhancing lending market growth within its Ethereum Layer 2 network. The initiative, initiated by ArbitrumDAO and supported by Entropy Advisors, aims to boost liquidity in major lending protocols through leveraged looping, specifically targeting yield-bearing ETH and stablecoins. This move is expected to increase TVL on the platform as activity rises, impacting key protocols and assets within the Ethereum Layer 2 ecosystem.