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If you still think "incentives = free money," then the DRIP program from @arbitrum will refresh your perspective. This is not about "throwing money at the protocol," nor is it about "just depositing to get rewards," but rather tying rewards to real borrowing and looping: you actually have to work to earn money. ➤ What is DRIP? Full name: DeFi Renaissance Incentive Program, approved by Arbitrum DAO in June and officially launched on September 3. It rewards DeFi users who are genuinely active, especially those engaging in borrowing loop strategies. The goal is clear: Make liquidity more "sticky," make funds more efficient, and enhance the overall DeFi competitiveness of Arbitrum. Arbitrum itself is the largest L2 on Ethereum, the main stage for DeFi. ➤ How is the money distributed? The overall budget for DRIP is as high as 80 million $ARB (about 40 million USD), divided into 4 seasons, each lasting 4 to 5 months. Currently running is Season 1: Loop Smarter on Arbitrum ✦ 2025/9/3 - 2026/1/20 ✦ Budget of 24 million $ARB ✦ Split into 10 Epochs (every two weeks) The first two rounds are the "discovery phase"—only 15% of the funds are released to test the market; From the 3rd round onwards, it becomes the "performance phase"—the more efficient and utilized you are, the more incentives you receive. In other words, it’s not "you deposit and you get rewards," but "you play well to earn." ➤ Where can you participate? How to play? Supported protocols include: Aave, Morpho, Euler, Fluid, Silo, Dolomite, and other mainstream lending platforms. Supported assets include: wstETH, weETH, USDC, USDT, syrupUSDC, thBILL, etc. The operational logic is straightforward: ✦ Deposit USDC → Borrow USDC → Swap for syrupUSDC → Borrow and deposit again → Earn ARB incentives. ✦ The more loops, the higher the returns. ✦ The current overall APR is around 10-13%, plus additional points. For real-time data, check out Rewards are managed by Entropy Advisors, distributed using Merkl tools, and the DAO has voting rights; the community can stop it whenever they want—completely decentralized. ➤ What makes DRIP different: ✦ Post-allocated rewards: earn money after doing the work, no feeding "zombie liquidity." ✦ Transparent data: Dune dashboards publicly display KPIs, making it clear who is performing well. ✦ Sustainable growth: The DAO continuously monitors incentive efficiency, aiming for a 15-20% increase in TVL by mid-2026. DRIP = distributing money to those who truly create value. What Arbitrum wants is not "short-term excitement," but "long-term business." The renaissance of DeFi may truly be coming—exams have been distributed, and only those who roll up their sleeves will score. @arbitrum_cn $ARB #Arbitrum