DeFi Renaissance Incentive Program (DRIP)
AI summary
This proposal, called the DeFi Renaissance Incentive Program (DRIP), aims to boost specific DeFi activities and assets on Arbitrum through a new incentive framework. It will run in 3-month 'seasons,' each with a distinct goal, like improving USDT borrowing or liquidity. A committee including the Arbitrum Foundation, Entropy Advisors, and Offchain Labs will design and manage these seasons, with community input. The program requests 80 million ARB tokens to fund the first four seasons, with a maximum of 20 million ARB per season, including operational costs.
If passed, this proposal will allocate a significant portion of the Arbitrum treasury, 80 million ARB tokens (worth approximately $70.4 million at current prices), to incentivize specific DeFi growth. The Arbitrum Foundation, Entropy Advisors, and Offchain Labs will gain control over how these funds are distributed, potentially benefiting protocols and users aligned with the seasonal goals. The DAO retains a clawback mechanism for unallocated funds, but the program's success hinges on the committee's ability to effectively design and execute incentive seasons.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
DeFi Renaissance Incentive Program (DRIP)
DeFi Renaissance Incentive Program (DRIP)
Non-constitutional
Change made on 6/02/25
The following language was added to the proposal: *“The DAO will have the ability to kill the DRIP program via a snapshot vote with 3% quorum and more votes for than against. In the scenario that the DAO ends the DRIP program via vote, the Arbitrum Foundation will do their best to send all unallocated funds back to the DAO in a timely manner, however, if there is an ongoing season, it’s possible that the season may be seen through before the program is end…