ICP HUB Canada & US

Arbitrum launched a growth program for USDG. The first 10 teams holding $10M of USDG each earn 200K ARB. The bar is a 30-day average, and Arbitrum has yet to name accepted teams. So I ranked the apps holding USDG on Arbitrum by distance to $10M, using each project's own latest numbers (Oct 18). Who looks close depends on whose counter you read. How to read the bars: each █ is $1M of USDG, and 10 full blocks reach the $10M bar. Over the line @gauntlet_xyz USDG Premium: $27.9M deposited, per Morpho ██████████ @GMX_IO: $12.6M USDG per Arbitrum's dashboard, $11.4M of it in the Dollar Vault per GMX ██████████ @SteakhouseFi USDG Pro: $10.2M deposited, per Morpho ██████████ Those vault figures count deposits. Arbitrum's USDG dashboard counts the dollars that stay put, and there Morpho holds $4.2M. The gap is a loan book $33.8M of the vault money is lent out, per Morpho. The borrowers are holders of @maplefinance syrupUSDG, with $38.0M posted as collateral. Still climbing Outside lending, the pools sit further back, per Arbitrum's dashboard: @0xfluid USDG/USDC pool: $2.4M ██░░░░░░░░ @Uniswap pools: $1.3M █░░░░░░░░░ @mayan and @RIFTHQ route money into USDG, so balances pass straight through ARB rewards on both Morpho vaults end Oct 20, per the DRIP app. The first 30-day average will separate borrowed demand from reward farming. The 2M ARB goes to the teams whose dollars stay after the rewards stop.