🎉Good news! Synthetix officially announced that it will launch the Arbitrum Liquidity Incentive Program, with a total reward of up to 2 million ARB! 🎁This 12-week program has been approved by ARB governance, with the goal of attracting liquidity providers, stablecoin liquidity, and Perps trading activities.

It is expected that the rewards of this incentive program will be fully distributed before September 3. Specifically, the LTIP grant of 2 million ARB will be distributed as follows: 1,000,000 ARB for LP incentives; 900,000 ARB for transaction fee rebates (up to 75% of Arbitrum’s paid transaction fees); the remaining 100,000 ARB for stablecoin liquidity.

This move by Synthetix will undoubtedly further stimulate market vitality, which is undoubtedly good news for Bitcoin optimists. 🎉 Let us look forward to the successful implementation of this plan and see how it will affect the market!