đŽ JUST IN
The @LineaBuild project finally reveals its tokenomics and presents itself as the first L2 aligned with increasing Ethereum value
𧔠Here's what you need to know
20% of collected transaction fees (paid in ETH) will be used to burn ETH
This is a first for an L2: instead of capturing all generated value, Linea will directly contribute to Ethereum's deflationary dynamics
The remaining 80% will be used to burn LINEA
Here's the distribution of the LINEA token:
đ 85% for the ecosystem via a long-term development fund
đȘ (including 10% for early adopters as part of the airdrop)
đ 15% will be held on @Consensys' balance sheet and locked for a minimum of 5 years
No tokens will be allocated to Consensys' various investors, thus limiting selling pressure as is the case with many projects.
No tokens will be allocated to @Consensys teams (who are incentivized via company stock).
The TGE date is not yet known, but according to my sources, it should occur by September
This timeframe is justified by the number of actors involved (technical partners, market makers, CEXs)
ETH deposited in Linea will allow users to benefit from native yield
These will be deposited on @LidoFinance (V3) which enables delegation of ETH to institutional validators (without LST)
To benefit from this yield, users will need to generate activity in Linea's DeFi ecosystem
According to the team, borrowing against ETH on Linea will become the most attractive option in 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 now, to ensure maximum efficiency
The "Linea consortium," a non-profit entity under American law (Delaware), will lead the project
Its founding members are @Consensys, @SharpLinkGaming, @eigen_labs, @ensdomains and @ethstatus
These are "stewards" of the Ethereum ecosystem, entities recognised for their commitment to decentralisation and innovation on L1
According to my information, the @ethereum Foundation itself should soon join
Additionally, a "TradFi payment giant" should also join the consortium
Regarding @SharpLinkGaming, one of the main Ethereum Treasury Companies, it will play an important role in providing liquidity to Linea
According to my information, a large portion of its ETH ($1.4 billion) should be deployed on Linea to generate yield
.@TheBigWhale_ has prepared numerous analyses around the launch of @LineaBuild
I list them here for you
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