DeFi Renaissance Incentive Program (DRIP)
AI summary
This proposal, called the DeFi Renaissance Incentive Program (DRIP), aims to boost specific assets and activities on Arbitrum through a new incentives framework. It will run in 3-month 'seasons,' each with a singular goal, like improving liquidity for certain trading pairs. A committee including the Arbitrum Foundation, Entropy Advisors, and Offchain Labs will select and manage these seasons. The program requests 80 million ARB tokens to fund the first four seasons, with a maximum of 20 million ARB allocated per season, including operational costs for vendors.
If passed, 80 million ARB tokens (worth approximately $72 million at current prices) will be allocated from the Arbitrum treasury to fund this incentive program. This could significantly increase activity and liquidity for targeted assets on Arbitrum, potentially benefiting users and protocols involved in those activities. The Arbitrum Foundation, Entropy Advisors, and Offchain Labs will gain significant control over how these funds are distributed and which activities are prioritized, while Entropy will be responsible for the program's success or failure. The DAO will lose direct control over these funds for the duration of the program, though unused ARB will be returned.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Non-constitutional
Changes on 5/12/25
- Added specification that funds will be sent to a foundation-controlled wallet with DAO-clawback capabilities
- Added a clear responsibility for the program's successes/failures to Entropy, even with the committee structure
- Added additional details surrounding community input, more specification that builders and procurement experts will be called on to give input through Entropy.
- Added flexibility around timeline in place of targeting July 1 start.
This proposal will be going to Snapshot this Thursday, 5/15.
Abstract
Entropy propos…