Arbitrum DAO Unleashes $40M DeFi Rejuvenation Initiative: DRIP

The Arbitrum DAO has launched its DeFi Revival Incentive Program (DRIP), a $40 million program designed to bolster lending protocols on the Ethereum Layer 2 network. The initiative, part of a larger multi-quarter strategy, uses treasury revenues, MEV capture, and protocol-neutral incentives to drive sustainable growth in the DeFi ecosystem. DRIP offers performance-based rewards without registration requirements, supporting initiatives like Morpho and solidifying Arbitrum’s leadership position within the multi-chain DeFi landscape.