ARB Incentive Program Announcement

Teddy Woodward -

We are excited to announce details of the ARB STIP Bridge incentives on Arbitrum! Starting soon, Notional will distribute 250,000 ARB over 12 weeks to users on Arbitrum.

This incentive distribution program is focused on attracting and rewarding organic usage of the full suite of Notional’s products - providing liquidity, lending, borrowing, and leveraged yield strategies.

Who gets incentives:

Notional will distribute ARB to users of the following products. NOTE - specific tokens may be tweaked over the course of the program.

  • Liquidity providers: LPs provide liquidity to Notional’s fixed rate markets to earn interest and trading fees. LPs in USDC, ETH, USDT, rETH, and wstETH will get ARB incentives.
  • Lenders: Lenders deposit their tokens to earn variable or fixed rate yields and can use them as collateral to borrow against if they choose. Lenders of USDC, ETH, USDT, DAI, FRAX, and wstETH will earn ARB incentives.
  • Borrowers: Borrowers borrow against their assets at variable or fixed rates. Borrowers of USDC, USDT, DAI, and FRAX will earn ARB incentives.
  • Leveraged vault users: Leveraged vault users earn leveraged yield from one of Notional’s unique leveraged vault strategies. All leveraged vaults will be eligible to earn incentives by default with some exceptions. Check the Arbitrum points program page for details.

How incentives are distributed:

ARB incentives will be distributed in two ways. Incentives for LPs will be distributed continuously using Notional’s smart contracts. Incentives for all other users - lenders, borrows, and leveraged vault users - will be calculated using a points program with monthly distributions of ARB proportional to points accrued.

ARB points program:

  • Seasons: The ARB points program is broken up into three four-week seasons. Season 1 will distribute 55,000 ARB and Seasons 2 and 3 will distribute 60,000 ARB each. ARB distributions at the end of each season will depend exclusively on points earned in that season. 
  • Earning points: Users earn points based on the dollar value they have in each qualifying product and the boost of that product. Users earn one point per dollar, per day, multiplied by that product’s boost.
  • Qualifying products: Lenders, borrowers, and leveraged vault users will earn points for using qualifying products - for example, lending USDC will earn points but lending wBTC will not. All qualifying products are clearly listed on the points program page.
  • Boosts: Each product has a boost. The higher the boost, the more points you earn for using it. For example, if you have 200 USD deposited into a product with a 2x boost, you will earn 400 points per day. Each product’s boost will be clearly listed on the points program page. Generally, borrowers and leveraged vault users will earn significantly higher boosts than lenders.
  • Calculating ARB to distribute: All points within a season are fungible. A user’s share of the total ARB distributed in a season will be directly proportional to their share of the total points awarded in that season. For example, if a user earns 10,000 points and there are 100,000 total points awarded in that season, the user will receive 10% of the total ARB to be distributed.

Questions?

Remember to follow Notional on Twitter for updates on the ARB STIP Bridge incentive program. Still have questions about how to best get a piece of these incentives? Join the Notional discord and reach out to the community! See you there anon.

The Notional Team