Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum

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.LidoFinance is considering in a new proposal to use its $ARB airdrop worth more than $1.2 million as emission rewards to incentivize the adoption of wstETH throughout the arbitrum ecosystem. reports

Reyes proposes rewarding the ARB tokens to users who provide liquidity for wrapped staked ether pools on Arbitrum. Marketing lead Kasper Rasmussen told CoinDesk the incentives program would work “in the same way [liquidity pools] currently earn additional LDO rewards on top of staking rewards.Lido is eligible to claim 772,621 ARB tokens, worth more than $1.

. Moreover, the proposal states that 33,400 wstETH has been bridged to Arbitrum and that the total number of wstETH transactions on Arbitrum stands at more than one million.

 

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