Merkl has been live for a week distributing 25K ARB over 2 weeks. During which time 10,000 ARB incentives on a $22M TVL USDC pool on Arbitrum have led to an $2.8M increase in TVL to $24.83. The bonus APR rests around 2% for all new and existing users.
Campaign launch schedule
Thursday the Layer3 campaign will go live, which will only incentivize new positions that complete the Layer3 quest (25K ARB over 2 weeks)
On Monday, Vaultcraft should Launch (50K ARB over 2 weeks)
Monday should also see OKX DeFi launch (100K ARB over 2 weeks)
The initial incentive distributions on each platform were chosen based on the platform’s audience size and how much TVL we anticipate each can attract. After the four initial 2 week campaigns conclude we’ll have additional data to inform our next distributions.