Wormhole Foundation has received 1.8 million ARB allocation from Arbitrum DAO

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Cointime2024/01/10 06:15

By:Cointime

Wormhole Foundation announced receiving a grant of 1.8 million ARB from Arbitrum DAO, aimed at bridging 100 million USDC to Arbitrum by providing ARB rewards.Eligible users must use Circle's CCTP through Wormhole Connect. Users can mint native USDC on Arbitrum or bridge USDC.e to Ethereum and then enter Arbitrum. Rewards accumulate every 7 days, up to a maximum of 3 months.The reward can be claimed for at least 365 days, and any unclaimed rewards will be returned to Arbitrum DAO. Users must hold USDC in their minting address for at least 7 days to be eligible.

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