The DeFi protocol Stella on Arbitrum has launched the second phase of the ARB incentive program

ChainCatcher news, the DeFi protocol Stella on Arbitrum has announced that the StellARB Incentive Rush (ARB STIP) Phase 2 is now live. Users can now earn ARB rewards by lending assets and/or opening leveraged positions on Stella.

Stella stated that it received 186,000 ARB incentives as part of the Arbitrum Short-Term Incentive Program (STIP). Stella will allocate these rewards between Stella Lend and Stella Strategy, deploying 120,000 ARB incentives in Stella Lend, raising the loan annual interest rate to 7-12%; and deploying 66,000 ARB incentives in Stella Strategy as an additional reward of 20% for closing profitable positions during each period.