TechFlow reported that the Wormhole Foundation has announced a grant of 1.8 million ARB from the Arbitrum DAO, aiming to bridge 100 million USDC to Arbitrum by offering ARB rewards.
Eligible users must use Circle's CCTP via Wormhole Connect. Users can mint native USDC on Arbitrum or bridge USDC.e to Ethereum and then into Arbitrum. Rewards will accumulate every 7 days for up to 3 months.
Rewards can be claimed within at least 365 days; otherwise, unclaimed rewards will be returned to the Arbitrum DAO. Users must hold USDC in the minting address for at least 7 days to qualify.
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