Arbitrum launches $40M DeFi incentive amid intensifying L2 race

Arbitrum, the largest Ethereum layer-2 protocol, has launched a new initiative designed to channel liquidity into decentralized finance. The DeFi Renaissance Incentive Program (DRIP), announced on Sept. 3, will allocate up to $40 million in rewards to users performing targeted on-chain actions rather than simply generating attention. The program, structured by Entropy and powered by The post Arbitrum launches $40M DeFi incentive amid intensifying L2 race appeared first on CryptoSlate.