đŽ It just dropped
The project @LineaBuild finally unveils its tokenomics and presents itself as the first L2 aligned with the increase in the value of Ethereum
𧔠Hereâs what you need to know
20% of the transaction fees collected (paid in ETH) will be used to burn ETH.
This is a first for an L2: instead of capturing all the generated value, Linea will directly contribute to the deflationary dynamics of Ethereum.
The remaining 80% will be used to burn LINEA.
Here is the distribution of the LINEA token:
đ 85% for the ecosystem through a long-term development fund
đȘ (including 10% for early adopters as part of the airdrop)
đ 15% will be held on the balance sheet of @Consensys and will be locked for a minimum of 5 years.
No tokens will be allocated to the various investors of Consensys, thus limiting the selling pressure as is the case with many projects.
No tokens will be distributed to the teams at @Consensys (who are incentivized through the company's stock).
The date of the TGE is not yet known, but it should take place by September, according to my sources.
This delay is justified by the number of stakeholders involved (technical partners, market makers, CEX, etc.)
The ETH deposited in Linea will allow you to benefit from a native yield.
These will be deposited on @LidoFinance (V3), which allows you to delegate ETH to institutional validators (without LST).
To take advantage of this yield, you will need to generate activity in Linea's DeFi.
According to the team, borrowing on Linea against your ETH will become the most attractive option on the market.
Launch partners: @LidoFinance, @aave, and the DEX @etherexfi (new version of @NileExchange launched yesterday that promises to be the @AerodromeFi of Linea)
Linea will not have a DAO for the moment, in order to ensure maximum efficiency.
It is the "Linea consortium," a non-profit entity under U.S. law (Delaware), that will lead the project.
Its founding members are @Consensys, @SharpLinkGaming, @eigen_labs, @ensdomains, and @ethstatus.
They are "stewards" of the Ethereum ecosystem, recognized entities for their commitment to decentralization and innovation on Layer 1.
According to my information, the @ethereum Foundation itself should soon be part of it.
Also, a "TradFi payment giant" is also expected to join the consortium.
Regarding @SharpLinkGaming, one of the leading Ethereum Treasury Companies, it will play an important role in providing liquidity on Linea.
According to my information, a large portion of its ETH ($1.4 billion) is expected to be deployed on Linea to offer them yield.
@TheBigWhale_ has prepared numerous analyses around the launch of @LineaBuild
I am listing them here.
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