🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Arbitrum provides $40 million in Token incentives for DeFi users
PANews September 5 news, according to DL News report, Arbitrum launched the "DeFi Revival Incentive Program" on Wednesday, which offers 40 million US dollars worth of 80 million Arbitrum Tokens to attract DeFi traders to participate in its on-chain currency market. The first phase of the program focuses on cyclical lending strategies, a DeFi strategy where traders leverage by repeatedly borrowing against the same collateral to increase returns. The lending markets and collateral assets that meet the incentive criteria cover all mainstream popular options for cyclical lending strategies, including Pendle derivation. The media stated that at the time the incentive plan was introduced, the price of Arbitrum's Token had fallen by 80% from its peak of $2.39 in 2024, and the token rewards could bring significant inflationary pressure to an already weak Token.