Lido DAO proposes to accept 770,000 ARB for airdrop, incentivizing the Arbitrum ecosystem to use wstETH

2023-04-19 07:57:27

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ChainCatcher news, the Arbitrum Foundation announced that the Lido protocol, due to its significant position in the Arbitrum DeFi ecosystem, is eligible for the ARB airdrop. According to the airdrop document, the Lido protocol is eligible to claim 772,621 ARB tokens.

In response to this airdrop, the Lido DAO reWARDS committee proposed a vote to decide on accepting the Arbitrum airdrop and how to effectively use the ARB tokens, among other topics. The Lido DAO community is planning to distribute the ARB tokens alongside the existing liquidity mining rewards for the wstETH pool on Arbitrum One, to incentivize the use of wstETH throughout the Arbitrum ecosystem. The reWARDS committee will create a new multi-signature wallet on Arbitrum One to receive the ARB tokens. The proposal vote will end on April 22, with current support at 100%. (source link)

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Arbitrum ARB Lido DAO Lido

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