Balancer will provide an additional 1.2 million ARB incentives for its liquidity growth program on Arbitrum

Odaily News The decentralized trading platform Balancer announced that it will provide an additional 1.2 million ARB incentives for its Liquidity Growth Program (LGP) on the Arbitrum network. This incentive share comes from the short-term incentive plan previously passed by Arbitrum. (STIP). Prior to this, the total amount of incentives provided by LGP was 1 million ARB, so the new capital injection means that the incentive intensity of the LGP plan will be doubled. Previously, the plan would allocate 80,000 ARB every epoch until the end of November. Now it will allocate approximately 171,000 ARB every two weeks until the end of February next year.