Lido Considers Using Its ARB Airdrop to Boost Activity on Arbitrum

Lido is eligible to claim 772,621 ARB tokens, worth more than $1.2 million at current prices, according to a Google doc found in Arbitrum Foundation’s governance documents. Moreover, the proposal states that 33,400 wstETH has been bridged to Arbitrum and that the total number of wstETH transactions on Arbitrum stands at more than one million.

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