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Killing two birds with one stone: How to participate in Linea Surge efficiently?
Foresight News
特邀专栏作者
2024-05-17 08:21
This article is about 1884 words, reading the full article takes about 3 minutes
In the last 6 months of PUA, I did not check the witches, and quickly read the Linea Surge points LXP-L acquisition methods and efficient participation guide.

Original author: Karen, Foresight News

On May 17, the Linea Surge event officially kicked off. Linea launched the first phase of the Linea Surge points plan (Volt 1), which aims to promote the prosperity of the ecosystem by attracting more users and increasing TVL on the network, and is expected to open a new chapter in Linea's growth flywheel.

Despite the PUA controversy and complaints among some community users, Linea has previously made it clear that Linea Surge is the last piece of the puzzle before it embarks on its decentralization journey to create a network that is truly owned and operated by the community.

As part of the program, Linea will reward LXP-L points to participating users who hold assets on Linea and deploy them to DeFi protocols. Linea Surge will run for 6 months (6 Volts) or until its TVL reaches $3 billion. As the event progresses, the allocation of LXP-L will decrease by 10% per period, which means that the earlier you participate, the more rewards you will get. Linea said that users can earn LXP-L points every hour by simply cross-chaining assets to Linea, keeping them on-chain, and deploying them to designated protocols.

For users with existing liquidity exceeding 0.1 ETH before the last block at 07:59 on May 16, they will receive Volt 1's LXP-L early adopter multiplier as an additional reward. In addition, in the Linea Surge event, the liquidity deployed in a single protocol must be greater than or equal to $24 for the points to be counted. It is worth mentioning that Linea said that there is no need to check witches for this event. Whether users concentrate all liquidity in one wallet or disperse it among thousands of addresses, they will receive the same number of points.

There are three main ways to obtain LXP-L points, namely ecosystem points, referral points, and Veteran points. Among them, ecosystem points are mainly used to encourage users to cross-chain or deposit assets into Linea, and interact across various ecological protocols; referral points are distributed through the referral mechanism of Linea Surge, and Veteran points are additional rewards for users with significant historical activities and contributions on the Linea platform.

The figure below shows the weights of ecosystem point rewards. Points for ETH and LRT liquidity on DEX and lending platforms, as well as rewards for ETH cross-chain activities have the highest weights, while rewards for stablecoins, LST, and RWA have smaller weights.

Which tokens are whitelisted by Linea Surge?

The Linea Surge campaign has whitelisted the following tokens:

  • ETH, wETH, WBTC, nextwETH, mBTC, SolvBTC;

  • LRT/LST: weETH, wrsETH, uniETH, ezETH, inETH, ankrETH, wstETH, mpETH, STONE, frxETH;

  • RWA: sUSDE, wDAI, EURO 3, LUSDC, agEUR, USD+, USDT+;

  • Stablecoins: USDC, USDT, DAI, alxUSDC, nextUSDC, nextUSDT, nextDAl, USDE, GRAI, Added, LYU.

21 protocols participated in Linea Surge

Teahouse Finance: A multi-chain DeFi asset management platform that focuses on centralized liquidity provision on Uniswap V3;

PancakeSwap:Multi-chain DEX protocol;

Secta: Linea Ecosystem DEX and Launchpad, has not yet issued a platform token, nor has it launched a Launchpad, but Secta's first Launchpad will issue its own platform token SECTA. The main use case of Secta tokens is to ensure distribution in the projects it incubates and launches.

Token economic model: 57% allocated to the community, 5% for public sales, 15% allocated to investors (6 months fully locked, 24 months linear release), 3% allocated to consultants (12 months fully locked, then 24 months linear release), 20% allocated to the team (12 months fully locked, then 24 months linear release).

Mendi Finance: A lending protocol in the Linea ecosystem that has introduced the Mendi Loyalty Points (MLP) program. MLP is a soul-bound ERC-20 token that will be distributed proportionally to users of the lending protocol and the staking protocol. Mendi Finance stated that if there is a potential airdrop given to Mendi in the future, MLP will be used as an accounting system for distribution to fairly distribute the airdrop to holders. In order to obtain liquidity, Mendi Finance will bribe Lynex every week, and the earned oLYNX will be distributed to MENDI stakers. Mendi Finance issued tokens at the end of last year. The token economics and distribution model can be found here .

Connext - Layer 2 interoperability protocol.

Overnight: An asset management protocol that provides passive income products based on a delta-neutral strategy for conservative stablecoin investors.

Sushi:Multi-chain DEX protocol;

Lynex: Linea ecosystem liquidity engine, aggregated automatic liquidity manager (ALM). Every transaction on Lynex generates transaction token fees, which are used to reward active voters and strengthen the Lynex treasury. Lynex has issued tokens.

SyncSwap: zkSync Era, Linea and Scroll ecosystem DEX protocol, no tokens issued.

Deri Protocol: Decentralized derivatives protocol with issued tokens.

Velocore: The zkSync Era and Linea ecosystems are based on Velodrome's veDEX protocol and have issued tokens.

SpartaDEX: Arbitrum One and Linea ecosystem gamified DEX, with tokens issued.

iZUMi Swap: A multi-chain DeFi protocol that provides one-stop liquidity as a service (LaaS) and has issued tokens.

Stargate: Cross-chain bridge, tokens issued.

Celer Network: Cross-chain bridge, tokens issued.

NILE: DEX protocol, tokens issued.

Gravita Protocol: A multi-chain LST lending protocol centered on ETH, which has not yet launched a protocol governance token.

Lyve Finance: Linea ecosystem stablecoin project, supports the minting of stablecoin LYU with ETH or LST, and can also be used for revolving loans. Governance tokens have been issued.

ZeroLend: A decentralized lending protocol on zkSync, Manta Network, Blast, and Linea, with tokens issued.

Renzo: Restaking protocol, tokens issued.

Clip Finance: Automated yield solution, will unlock CLIP tokens for the first time when TVL reaches $1 million, and will soon release a points system. CLIP token holders can enhance liquidity mining by staking tokens, and also have governance rights. The token economics can be found here .

Killing two birds with one stone: How to participate in Linea Surge efficiently?

So how can you earn the most LXP and ambush potential airdrops in the most capital efficient way? Some paths include:

Path 1: Use the cross-chain bridge to cross-chain ETH to Linea, pledge ETH in the staking protocol, and deposit LRT or LST tokens in the lending protocol. For example, providing wrsETH (LRT token issued by Kelp DAO) on ZeroLend can earn twice the Kelp Miles, Linea LXP-L points, Turtle Club 5% Turtle (virtual liquidity protocol) LXP-L points and TurtleDAO points; or using ether.fi weETH to borrow the stablecoin GRAI (overcollateralized debt token issued by Gravita Protocol) on Gravita Protocol, and then provide liquidity on NILE to earn the most LXP in the most capital-efficient way.

Path 2: Use a cross-chain bridge to cross-chain ETH to Linea, deposit liquidity and LP tokens in the DEX protocol, such as cross-chain ETH in Connex, deposit liquidity and stake LP tokens in Velocore to earn LXP-L points, LVC from Velocore pre-mining rewards, and Carrot points from Router Nitro.

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