Arbitrum DRIP Season 1 Launches with wstETH Borrowing Incentives
Arbitrum DRIP Season 1 Launches with wstETH Borrowing Incentives
馃挧 DRIP Season begins
Arbitrum DRIP Season 1 is now live, offering additional ARB token rewards for users who borrow against wstETH collateral.
Key Features:
- Use wstETH as collateral across supported lending protocols
- Earn extra ARB incentives on top of regular borrowing activities
- Season 1 includes deposit, borrow, and loop strategies on money markets
- Compatible with Pendle derivatives for ETH and stablecoin assets
How it works: Users can leverage their wstETH holdings as collateral to borrow other assets while earning additional ARB rewards through the DRIP program.
This initiative aims to boost lending activity on Arbitrum by providing extra yield opportunities for wstETH holders.
Arbitrum DRIP Season 1 is live. Borrow using wstETH as collateral across supported protocols to earn extra ARB incentives. 馃憞
Introducing DRIP - The DeFi Renaissance Incentive Program! A huge DeFi program that rewards real DeFi actions on Arbitrum, starting with Season 1: Leverage Looping Strategy 馃挧 Deposit ETH/stables 馃挧 Borrow & loop 馃挧 Repeat Join the Renaissance now 馃憞 arbitrumdrip.com
馃彟 Lido Goes Institutional
**Lido Poolside Community Call** shifts focus to institutional territory on **October 16th**. The discussion will cover: - **Ethereum ETFs and ETPs** - institutional investment vehicles - **Future of Lido Core** - deep dive into protocol development What started as Node Operator conversations now expands to broader Ethereum discussions with builders, researchers, and contributors. [Register here](http://luma.com/xtueo7ym) and mark your calendars.
Hex Trust Adds Custody Support for Lido's stETH
**Hex Trust** now offers custody services for **Lido's stETH**, enabling institutional clients to access Ethereum staking rewards while maintaining liquidity. **Key benefits:** - Hold and deploy stETH within Hex Trust's platform - Earn Ethereum staking rewards - Retain liquidity for trading and operations This integration simplifies institutional staking by combining secure custody with liquid staking benefits. Institutions can now participate in Ethereum staking without locking up their assets. [Read more details](http://blog.lido.fi/hex-trust-adds-custody-support-for-steth-via-the-lido-protocol)
Ethereum Merge Anniversary: Three Years of Proof-of-Stake
**Three years ago today**, Ethereum completed its historic transition from Proof-of-Work to Proof-of-Stake in what became known as "The Merge." **Key achievements since the transition:** - 99.9% reduction in energy consumption - 100% network uptime maintained - Foundation laid for today's scalable infrastructure The Merge represented one of the largest technical upgrades in blockchain history, moving the entire Ethereum network to a more sustainable consensus mechanism without any downtime or disruption to users.
Lido GGV Reaches $50M TVL Milestone
**Lido's GGV protocol has crossed $50 million in Total Value Locked (TVL)** just two days after its recent milestone. This achievement comes months after Lido hit an all-time high of **$41 billion in TVL** back in August, demonstrating continued growth in the staking ecosystem. The rapid TVL accumulation in GGV shows strong adoption of Lido's expanded staking services beyond their core Ethereum offering.
Lido Stakers Earn $20M in Weekly ETH Rewards
**Lido stakers collected 4,647 ETH in rewards** last week, worth approximately $20 million. This represents a slight increase from the previous week's 4,467 ETH payout, though the dollar value dropped from $23.3 million due to ETH price fluctuations. **Key highlights:** - All rewards distributed in staked ETH - Consistent weekly reward distribution - Total rewards reflect network staking activity The steady reward flow demonstrates Ethereum's proof-of-stake mechanism working as designed, providing regular income for network validators.