Consensys-backed Layer-2 network Linea has unveiled a technical upgrade that will burn a portion of ether every time a transaction is processed on its rollup, mirroring Ethereum’s EIP-1559 fee model. The network will also introduce a native ETH-yield mechanism designed to share staking rewards or other on-chain income with users. The move comes ahead of the launch of the LINEA governance token. According to preliminary tokenomics released Tuesday, 85% of the total supply will be allocated to the Linea ecosystem—developers, users and community programs—while the remaining 15% is set aside for the project’s core contributors and investors. Linea claims it is the first major Layer-2 to couple an automatic ETH burn with a yield feature, a combination meant to tighten the network’s alignment with the Ethereum mainnet while offering direct economic incentives to application builders and end-users. Further details on distribution schedules and mechanics are expected in a follow-up blog post later in the day.
L2s are even more customizable than L1 in some ways because to create L1-like guarantees, you need block production to be permissionless. This in turn restricts your choice of ordering algorithms to the ones that are strictly short-term incentive compatible. https://t.co/ZQ2y3SbKes
SomETHing big just dropped: 85% for ecosystem, MASSIVE fund managed by trusted Ethereum institusions, ETH-burn with every Linea transaction... Second blog post coming later today which drives down more into the specifics of the token distribution. Will be running through all
Big! Well positioned for this and have been for a long time thanks to my brother. Linea x @etherexfi 🔥 https://t.co/LWOdRVHZK5