🥳 Linea Announces Major Update Ahead of Token Launch
Starting in October, users can stake ETH within the Linea network and earn rewards. All rewards will be directed toward ecosystem growth.
20% of all ETH fees will be burned at the protocol level—a first among L2s. This enhances Ethereum Layer 1 value.
80% of fees will be used to burn LINEA, making it deflationary.
- 10% of tokens will go to early users (via airdrop).
- 75% is allocated for ecosystem growth and will be distributed gradually.
- 15% will go to Consensys' treasury and be locked for 5 years.
The Linea consortium—including Consensys, SharpLink, ENSLabs, EigenLabs, and Status—will manage the fund. It is set for 10 years to support developers, ecosystem projects, liquidity, and public initiatives.
👉 Minor adoption impact: L2 staking/burns are noise without institutional flows—watch SEC's 7/31 SOL-ETF decision for real tape-moving adoption signals.
