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📢 Our weekly ecosystem rollup is here! We've curated a few of this past week's exciting updates into one convenient thread for your reading pleasure. Dive in below! 👇
I am excited to announce that I won't be leaving Ethereum ecosystem and will continue to devote all my energy to building up Ethereum Frogs on @LineaBuild
There are (at least) two approaches to an Ecosystem/Community Fund allocation.
The first is usually where governance, typically a DAO, votes on an initiative to mint or unlock tokens and distribute as per the proposal. This gives the DAO flexibility to allocate token incentives at any point, if approved, but as an investor you can’t reliably model the max circulating supply and you have to closely monitor the governance.
In the case for Arbitrum DAO Treasury and Optimism Seed/Partner/Ecosystem Funds they unlock the TBD tokens and for ZK Token Assembly they mint new tokens, within a max allocation
https://t.co/AWt5NVRsn2
https://t.co/E5BQ7LCQH2
https://t.co/DZzlBxNbHO
The other approach, taken by Linea, is tokens are made predictably available to the Linea Consortium over a ten year period as per an explicit vesting schedule, with the strict mandate to grow the Linea technology, network, and open source software of Ethereum. You know exactly how many tokens could be made available at any point in time, including for example 6 years from TGE.
The downside is that unlocks can also create FUD. Token investors typically view unlocks in the context of team/VC allocations, which often get sold immediately with no public disclosure and, on average, account for 50% of total supply. The cash raised from these sales is almost never reinvested into the ecosystem.
But the Linea tokenomics are unique with no insider allocation, and holders may need to update their mental models around supply overhang to not associate unlocks directly with sell pressure, as the Ecosystem Fund is the only entity receiving any of the remaining supply.
The rate of unlocks for the LC naturally start off higher and scale down year by year, over a decade, as bootstrapping the ecosystem turns into a self-sustaining economy. The LC and its Advisory Committees then provide comms and reports on how those tokens are being leveraged, for example 4% was approved and allocated to LXP-L for the retroactive airdrop, and ~1.3% portion was allocated to Linea Ignition.
Now TGE is over, we will dedicate resources to create educational content around this structure, raise awareness of the benefits vs traditional models, and support the LC with communication on future growth initiatives from the Eco Fund.
September is incredible so far
- Linea airdrop $Linea
- Metamask stablecoin $mUSD
- Metamask token $MASK (confirmed)
The foundation of the giant flywheel.
There’s no bigger company then Consensys on the Ethereum ecosystem