Eat longest fish, how to participate in Linea Surge efficiently?

Originally written by Karen, Foresight News

On May 17th, the Linea Surge event officially kicked off. Linea has launched the first phase of the Linea Surge Points Program (Volt 1), which aims to drive a thriving ecosystem by attracting more long users and increasing TVL on the network, which promises to open a new chapter in Linea's rise flywheel.

Despite the PUA controversy and complaints among some community users, Linea has previously made it clear that Linea Surge is the final piece of the puzzle before embarking on its journey to decentralization to create a truly community-owned and operated network.

As part of the program, Linea will award LXP-L points to participating users who hold assets on Linea and deploy them on Decentralized Finance protocol. Linea Surge will run for 6 months (6 Phase Volts), or until its TVL reaches $3 billion. As the campaign progresses, the distribution of LXP-L in each phase will be reduced by 10%, which means that the earlier you participate, the more long the rewards. According to Linea, users can earn LXP-L points per hour by simply cross-chain assets to Linea, keep them in on-chain state, and deploy them to designated protocol.

For users with more than 0.1 ETH of existing liquidity until the last block on May 16 at 07:59, they will receive Volt 1's LXP-L early adopter multiplier as an additional reward. In addition, Liquidity deployed in a single protocol must be greater than or equal to $24 in the Linea Surge campaign for credits to be counted. It is worth mentioning that Linea said that there is no need to check witches for this event, and users will receive the same number of points regardless of whether they concentrate all their liquidity into one wallet or disperse it across K Address.

There are three main ways to obtain LXP-L points, namely ecosystem points, referral points, and veteran points. Among them, ecosystem points are mainly used to incentivize users to cross-chain or deposit assets into Linea and interact protocols across various ecological protocols; Referral points are distributed through Linea Surge's referral mechanism, while Veteran points are long wick candle additional rewards for users with significant historical activity and contributions on the Linea platform.

The chart below illustrates the weighting of ecosystem points, with long wick candle having the highest weighting for Liquidity points for ETH and LRT on DEXs and lending platforms, as well as rewards for ETH cross-chain activities, long wick candle less weight for stablecoin, LST, and RWA.

Which Tokens Are Allowlisted by Linea Surge?

The Linea Surge campaign has Allowlisted the following Tokens:

• ETH、wETH、WBTC、nextwETH、mBTC、SolvBTC；
• LRT/LST：weETH、wrsETH、uniETH、ezETH、inETH、ankrETH、wstETH、mpETH、STONE、frxETH；
• RWA：sUSDE、wDAI、EURO 3、LUSDC、agEUR、USD+、USDT+；
• Stablecoins: USDC, USDT, DAI, alxUSDC, nextUSDC, nextUSDT, nextDAl, USDE, GRAI, Added, LYU.

21 protocols participate in the Linea Surge event

Teahouse Finance: Longing Decentralized Finance asset flexible management platform, focusing on centralized liquidity provision on Uniswap V3;

PancakeSwap: a longest DEX protocol;

Secta: Linea's ecological DEX and Launchpad, there is no issuance of platform tokens and no launch of Launchpad, but Secta's first Launchpad will issuance its own platform Token SECTA. The main use case for the Secta Token is to secure distribution in the projects it incubates and launches.

Token economic model: 57% to the community, 5% to the public sale, 15% to investors (6 months fully locked, 24 months linear release), 3% to advisors (12 months fully locked, then 24 months linear release), 20% to teams (12 months fully locked, then 24 months linear release).

Mendi Finance: A lending protocol in the Linea ecosystem, which has introduced the Mendi Loyalty Points (MLP) program, which is a soul-bound ERC-20 Token that will be distributed proportionally to users who borrow and borrow protocol and stake protocol. Mendi Finance said that if there is a potential airdrop given to Mendi in the future, MLP will be used as the accounting system for the distribution to distribute the airdrop fairly to holders. To gain liquidity, Mendi Finance will bribe Lynex weekly, and the earned oLYNX will be distributed to MENDI stakes. Mendi Finance was issuance Token at the end of last year, and the Token economy and distribution model can be found here.

Connext:Layer 2 Interoperability protocol;

Overnight: Asset management protocol that provides conservative stablecoin investors with passive income products based on Delta-neutral strategies.

Sushi: longest DEX protocol;

Lynex: Linea's ecological Liquidity Engine, aggregates automated Liquidity Manager (ALM). Each transaction on Lynex generates a transaction Token fee, which is used to reward active voters and strengthen the Lynex treasury. Lynex has been issuance Token.

SyncSwap: zkSync Era, Linea, and Scroll ecosystem DEX protocol, not issuance Token.

Deri Protocol: Decentralization derivation protocol, issuance Token.

Velocore: The zkSync Era and Linea ecosystem have been issuance Token based on Velodrome's veDEX protocol.

SpartaDEX: The gamification DEX of the Arbitrum One and Linea ecosystems has been issuance Token.

iZUMi Swap: long chain Decentralized Finance protocol, providing a one-stop Liquidity-as-a-service (LaaS), has been issuance Token.

Stargate: cross-chain bridges, issuance Token.

Celer Network: cross-chain bridges, issuance Token.

NILE: DEX protocol, issuance Token.

Gravita Protocol: A ETH-centric long-chain LST lending protocol that has not yet launched protocol governance token.

Lyve Finance: Linea's ecological stablecoin project, which supports the use of ETH or LST minting stablecoin LYU, and can also revolve and borrow, has been issuance governance token.

ZeroLend: Decentralization lending protocol on zkSync, Manta Network, Blast, and Linea, issuance Token.

Renzo: stake protocol again, it's issuance Token.

Clip Finance: An automated yield solution that unlocks CLIP Tokens for the first time when TVL reaches $1 million, and a points system will be released soon. CLIP Token holders can enhance their Liquidity Mining through stake Token and also have governance rights, which can be tokenomics here.

How to participate in Linea Surge efficiently long a fish?

So how do you earn the most long LXP and ambush potential Airdrop in the most capital-efficient way? Some of the paths include:

Path 1: Use cross-chain bridges to ETH cross-chain to Linea, deposit LRT or LST Token in the stake protocol stake ETH and borrow protocol, for example, provide wrsETH (Kelp DAO issuance LRT Token on ZeroLend, you can earn twice Kelp Miles, Linea LXP-L points, 5% Turtle (virtual Liquidity protocol) LXP-L points and TurtleDAO points from Turtle Club; Or borrow stablecoin GRAI (Gravita Protocol's issuance over-collateralization debt Token with ether.fi weETH at Gravita Protocol, and then provide Liquidity at NILE to earn the most LXP in the most capital-efficient way.

Path 2: ETH cross-chain to Linea with cross-chain bridges, deposit Liquidity and LP Token in DEX protocol, such as Connex cross-chain ETH, Velocore with Liquidity and stake LP Token to earn LXP-L points, pre-mine reward LVC from Velocore, and Carrot points from Router Nitro.