Arbitrum provides $40 million token incentives for DeFi users

PANews September 5th news, according to DL News, Arbitrum launched the "DeFi Revival Incentive Program" on Wednesday, which provides 80 million Arbitrum tokens worth $40 million, attracting DeFi traders to participate in its on-chain currency market. The first phase of the program focuses on a circular lending strategy, a DeFi strategy in which traders increase earnings by repeatedly lending on the same collateral. Lending markets and collateral assets that meet incentive conditions cover all mainstream revolving lending strategies popular options, including Pendle derivatives, etc. The media said that the incentive plan comes as Arbitrum's token price has fallen 80% from its peak of $2.39 in 2024, and the token rewards may put significant inflationary pressure on the already weak tokens.