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Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum

Lido DAO community will vote on accepting Abitrum’s airdrop and using the claimed ARB tokens as emission rewards to incentivize the adoption of wrapped staked ether (wstETH) throughout the Arbitrum ecosystem.

Now, Lido’s governing community will vote on “operational and strategic topics related to claiming and making productive use of the potential ARB tokens,” according to a proposal submitted April 12 by Lido’s head of DeFi business development and partnerships Justin David Reyes.

Reyes proposes rewarding the ARB tokens to users who provide liquidity for wrapped staked ether (wstETH) pools on Arbitrum. 

Lido Finance Airdrop
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    Proposal: The L1do Blockchain

    Quick google search lido has over 100,000 users. Notably, these are sticky POWER Users. Why send those users to do defi on other chains? These are the key opinion leaders in all of crypto. There is no other application that has this many sticky Power Users. Why wouldn’t you want to have a perfect reflexivity, zero leakage to incentivize them to keep their stETH in Lido’s execution environment. Notably, Coinbase and OKX have launched their own L2’s and Binance has BNB chain. The users are already there, the funds are already there and thereby very little friction to onboard those users to Web3 from their exchange. Same applies to Lido chain, but it is OG web3 native.
    Proposal: The L1do Blockchain

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