Arbitrum, a prominent Layer 2 blockchain, has announced the DeFi Renaissance Incentive Program (DRIP) to invigorate its ecosystem. The initiative focuses on subsidizing DeFi lending protocols, incubating new perpetual decentralized exchange (DEX) projects, and enhancing collaboration with Robinhood for U.S. stock tokenization. Despite initial success in increasing on-chain lending balances, Arbitrum's market share in Layer 2 DeFi lending remains modest compared to competitors like Base. The DRIP program aims to attract users through financial incentives, while also focusing on tokenized real-world assets and native perpetual DEX solutions to drive sustainable growth.