Linea is at it again, Linea Surge points acquisition methods and efficient participation in speed reading

Author: Karen, Foresight News

On May 17, the Linea Surge event officially kicked off. Linea launched the first phase of the Linea Surge Points Program (Volt 1), aimed at promoting the prosperous development of the ecosystem by attracting more users and increasing TVL on the network, which is expected to open a new chapter in the growth flywheel of Linea.

Despite sparking controversy and complaints among some community users regarding PUA, Linea had previously stated that Linea Surge is the final piece of the puzzle before embarking on its journey towards decentralization, to create a truly community-owned and operated network.

As part of this program, Linea will reward participating users who hold assets on Linea and deploy them to DeFi protocols with LXP-L points. Linea Surge will run for 6 months (6 phases of Volts), or until its TVL reaches $3 billion. As the event progresses, the allocation of LXP-L for each phase will decrease by 10%, meaning that the earlier participants join, the more rewards they will receive. Linea stated that users only need to cross-chain their assets to Linea, maintain their on-chain status, and deploy them to designated protocols to earn LXP-L points every hour.

For users with existing liquidity exceeding 0.1 ETH before the last block on May 16 at 07:59, they will receive an early adopter multiplier for Volt 1 as an additional reward. Additionally, in the Linea Surge event, the liquidity deployed in a single protocol must be greater than or equal to $24 for points to be counted. It is worth mentioning that Linea indicated that there is no need to check for "witches"; whether users concentrate all liquidity in one wallet or spread it across thousands of addresses, they will receive the same amount of points.

There are three main ways to earn LXP-L points: ecosystem points, referral points, and Veteran points. Among them, ecosystem points are primarily used to incentivize users to cross-chain assets or deposit into Linea, as well as for interactions across various ecosystem protocols; referral points are distributed through the referral mechanism of Linea Surge, while Veteran points are additional rewards for users with significant historical activity and contributions on the Linea platform.

The following chart shows the weight of ecosystem points rewards, with the highest reward weights for ETH and LRT liquidity on DEX and lending platforms, as well as for ETH cross-chain activities, while the reward weights for stablecoins, LST, and RWA are relatively lower.

Which tokens are whitelisted for Linea Surge?

The Linea Surge event 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, EURO3, LUSDC, agEUR, USD+, USDT+;
• Stablecoins: USDC, USDT, DAI, alxUSDC, nextUSDC, nextUSDT, nextDAI, USDE, GRAI, Added, LYU.

21 protocols participating in the Linea Surge event

Teahouse Finance: A multi-chain DeFi asset management platform focused on concentrated liquidity provision on Uniswap V3;

PancakeSwap: A multi-chain DEX protocol;

Secta: A Linea ecosystem DEX and Launchpad, which has not yet issued a platform token or launched its Launchpad, but Secta's first Launchpad will issue its own platform token SECTA. The main use case for the Secta token is to ensure allocations in the projects it incubates and launches.

Token economic model: 57% allocated to the community, 5% for public sale, 15% allocated to investors (6 months fully locked, 24 months linear release), 3% allocated to advisors (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, where MLP is a soul-bound ERC-20 token distributed proportionally to users of lending and staking protocols. Mendi Finance stated that if a potential airdrop for Mendi occurs in the future, MLP will be used as the accounting system for fair distribution to holders. To gain liquidity, Mendi Finance will bribe Lynex weekly, and the earned oLYNX will be distributed to MENDI stakers. Mendi Finance issued its token at the end of last year, and the token economics and distribution model can be found here.

Connext: Layer2 interoperability protocol;

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

Sushi: A multi-chain DEX protocol;

Lynex: A liquidity engine in the Linea ecosystem, aggregating automated liquidity managers (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: A DEX protocol for zkSync Era, Linea, and Scroll ecosystems, has not issued tokens.

Deri Protocol: A decentralized derivatives protocol, has issued tokens.

Velocore: A veDEX protocol based on Velodrome in the zkSync Era and Linea ecosystems, has issued tokens.

SpartaDEX: A gamified DEX in the Arbitrum One and Linea ecosystems, has issued tokens.

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

Stargate: A cross-chain bridge, has issued tokens.

Celer Network: A cross-chain bridge, has issued tokens.

NILE: A DEX protocol, has issued tokens.

Gravita Protocol: A multi-chain LST lending protocol centered around ETH, has not launched a governance token for the protocol.

Lyve Finance: A stablecoin project in the Linea ecosystem that supports minting stablecoin LYU using ETH or LST, also allows for circular lending, has issued governance tokens.

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

Renzo: A re-staking protocol, has issued tokens.

Clip Finance: An automated yield solution that will unlock CLIP tokens for the first time when TVL reaches $1 million, and a points system is about to be launched. CLIP token holders can enhance liquidity mining by staking tokens and have governance rights; the token economics can be found here.

How to efficiently participate in Linea Surge?

So how can one earn the most LXP and position for potential airdrops in the most capital-efficient way? Some paths include:

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

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