Arbitrum’s analytics portal lists lending for Global Dollar (USDG) separately as Entropy Advisors seeks another 100 million Arbitrum (ARB) to expand stablecoin incentives ahead of a targeted DAO vote.
The portal has a page labeled “USDG Lending” apart from its data on USDG supply and activity on Arbitrum One. That other data view was available by Oct. 6, when Paxos-issued USDG began operating on the network.
Arbitrum’s launch announcement named Fluid, Morpho, GMX, Maple, Uniswap and Kraken among the first integrations. It also outlined more than $10 million in DeFi Renaissance Incentive Program (DRIP) incentives.
For launch figures, Arbitrum cited Token Terminal data showing about $4 billion in stablecoins on its network. The announcement also cited Global Dollar Network data putting USDG circulation above $3 billion across all networks.
Entropy is asking the Arbitrum DAO to add 100 million ARB to DRIP to encourage USDG adoption. EconoTimes previously covered the DAO’s proposal to expand USDG incentives.
Entropy proposes reinvesting most USDG-related revenue during the growth phase in builder incentives, integrations and partnerships. It identifies builders as intended beneficiaries and says the DAO would gain economic value from USDG growth. The proposal also says some treasury allocations may earn lower direct returns in the short term as resources support USDG liquidity.
The proposal would keep the DRIP Season Selection Committee’s two-thirds approval threshold and leave program funds with the Arbitrum Foundation. Entropy cites a late-2024 allocation of 250 million ARB for strategic partnerships as precedent. The proposed on-chain vote is targeted to begin Thursday, Oct. 29, and end Nov. 12.
