Arbitrum DRIP

The Arbitrum DRIP, or DeFi Renaissance Incentive Program, is a campaign incentivizing DeFi activity on the Arbitrum network. Season One of DRIP began September 3, 2025.

Theo is included in this program with incentives for borrowing and lending against thBILL and its Pendle Finance Principal Token (PT).

Summary

Campaign	DRIP Season One
Duration	20 weeks
Total Rewards	Up to 24M ARB
Eligible Assets	thBILL, PT-thBILL
Eligible Venues	Morpho Finance, Euler Finance
Eligible Actions	Supply thBILL; lend to USDC vaults
Website	https://arbitrumdrip.com/

How to Participate

No upfront actions are required to participate in Arbitrum DRIP: simply supply thBILL or its Principal Token (PT) on an eligible lending market. Alternatively, lend USDC to a vault providing liquidity to thBILL markets.

Rewards are automatically distributed on average every 8 hours and must be claimed on the DRIP program front-end or on the main Merkl App.