$LINEA Airdrop post could've been 3 announcements:
Two great and one worrying:
- 20% of net income gas fees in ETH will be burned, while 80% will burn LINEA.
- 10% of initial airdrop. 85% to the community. Lovely.
The worrying part:
Bridged ETH will be natively staked and Linea LPs will gain this yield plus returns from DeFi activities, with "top risk-adjusted" returns.
Is it just native staking? Or will Linea use bridged ETH in their DeFi ecosystem like @katana ?
From the announcement, "top risk-adjusted" means some asset management.
But this capital rehypothecation caused massive FUD for Polygon when they proposed to use bridged funds in DeFi.
Would like to see more details on how bridged ETH will be used.
Seeing Eigen Labs among Consortium partners, seems that $ETH could be restaked.
Show original
19.18K
144
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.