Linea

🔥 really happy to share that Status is joining the Linea Consortium as a Founding Steward alongside Consensys, ENS Labs Ltd, Eigen Labs and... SharpLink (SBET)! 🤔 why should you care? because Linea is building the most Ethereum-centric scaling solution with a focus on giving value back to users. Linea will integrate native ETH yield, enable protocol-level ETH burn, and dedicate 75% of all Linea tokens to ecosystem development. and with Status we're going to steer the allocation of that ecosystem fund. 🤯 the most ethereum-centric scaling stack, with the largest ecosystem fund in history, backed by the second largest institutional ETH treasury (SBET), and now in the hands of ethereum-aligned organizations 🟣 what does this mean for Status? co-governance over the Linea ecosystem, and deeper collaboration on the Linea stack to launch our L2: • The first gasless L2 on Ethereum • No sequencer fees • No token emissions • 100% of net yield flows back to the community • Burn model for our token $SNT we believe the next chapter of Ethereum runs on native yield, zero friction, and funding for what matters and $SNT becomes the flywheel for public goods, liquidity, and governance read more in comments 👇

Today, we're setting a new standard for Ethereum Layer 2. Introducing native ETH yield, protocol-level ETH burn, and an Ethereum-native Consortium to manage the largest ecosystem fund in the space. This is how we build the Layer 2 where Ethereum wins. Linea will be the first L2 to burn ETH at the protocol level. 20% of all net transaction fees (paid in ETH) will be burned, directly reducing ETH supply, supporting Layer 1 value accrual, and increasing the value of ETH. Bridged ETH will generate DeFi rewards. ETH deposits will produce staking rewards to be distributed to LPs, fuelling Linea’s DeFi ecosystem. Linea LPs will accumulate this native yield in addition to returns from Linea DeFi activity, creating the best risk-adjusted returns and making Linea the best chain for ETH capital. Ethereum’s largest ecosystem fund. LINEA’s token echoes the distribution of the Ethereum Genesis claim and puts the ecosystem first, directing the majority of funds toward users, builders, Ethereum public goods, and R&D. - 85% Ecosystem (75% development fund + 10% early users) - 15% Consensys treasury (5-year lockup) - No insiders. No value extraction. Just Ethereum. Fund management by Ethereum-native stewards. The Linea Consortium consists of a group of credible Ethereum organizations already significantly contributing to strengthening Ethereum. Its founding members include Eigen Labs, ENS Labs Ltd, SharpLink (SBET), Status, and Consensys. More members will be announced in the future. True Ethereum compatibility meets aligned economics. Full Ethereum equivalent tech + ETH as gas token + ETH burn + Capital-efficient mechanics + Ecosystem-first tokenomics + Steward governance = The most Ethereum-centric L2. With $100B+ in ETH staked and $25T in transaction volume, Ethereum is cementing its role as the global settlement layer. Linea is here to be Ethereum's most natural extension and strongest accelerator. Linea is where Ethereum wins. Believe in SomETHing. Read more here: https://lnkd.in/ekZW6AFR

Linea is scaling Ethereum with unmatched zero-knowledge tech and developer-first design. We're hiring a Technical Product Marketing Manager to help us reach more builders, faster. If you speak both code and community and know your way around the L2 landscape, let’s talk. Apply here: https://lnkd.in/giuxMaWu

Last week, after six years of R&D, Linea achieved a world first with provable completeness: We are the first zkEVM to directly prove 100% of EVM execution through our zero-knowledge proofs. This means stronger foundations and stronger security. Ethereum, fully verified. Congratulations to the unparalleled teams behind this milestone! Linea’s Prover Team: Alexandre Belling Leo Jeong Bogdan Ursu Azam Soleimanian ARIJIT DUTTA Linea’s Arithmetization Team: Olivier Bégassat Begassat Amelie Chatelain David Pearce Francois Bojarski Lorenzo Gentile Linea’s Gnark Team: Gautam Botrel Ivo Kubjas Thomas PIELLARD Youssef EL HOUSNI