@0xfoobar, friend, two months of silence on @clustersxyz is alarming. No news, no activity on X. Is the project still alive? Or has all the focus shifted to @CircuitAI? What is the relationship between these projects and @delegatedotxyz, released by the same team, @SelvLabs?
Is there a roadmap for clusters? Users simply don't understand whether they need to renew their names...
It's time to open up to your users and supporters and share your immediate plans.
💪 NEW STANDARD FOR LINEA L2 CHAIN TOKEN
1) The token governance paradigm has long been useless. I wrote about this back on October 26, 2024
https://t.co/6W3TrbeidO
Let me remind you in broad strokes that at that time I recommended @LineaBuild to focus on the utility of the $LINEA token, rather than rushing to launch a voting token. Among the proposals was the following:
L2 tokens need a utility! Another voting token won't work... Instead of rushing to release the token, the team would be better off focusing on the utility of the token. One voting function is not enough! All of L2 needs $ETH and can easily do without the native network token, it simply has no utility. That's a problem... It is possible to go further and improve the idea by thinking through the combustion mechanisms. Which would make the token deflationary in the long run...
Today, the LINEA token is already trading on exchanges. And the project team, represented by @ethereumJoseph and @DeclanFox14, has changed the rules of the game in the L2 chain segment. Respect to them for that, it was high time someone did it and led this movement. I think @VitalikButerin will also appreciate these efforts when the next L2 came not to take away from Ethereum, but also to give. This design makes the network “Ethereum-aligned”: every activity on L2 directly supports the ETH shortage on L1. And I think it's right, as with the minimum Stage threshold (I talked about the difference between Stage 0-2 in the video https://t.co/X34EH2jdug), to introduce rules for L2 to spend part of the revenue received on repurchasing and burning ETH.
While tokens from chains such as Optimism, @arbitrum, Starknet and zkSync perform a governance function, the LINEA token does not. Bingo, it's done! I am sincerely happy about this! The value of the token created by @Consensys is tied to the network's revenue through buyback&burn. Gas in Linea is paid in ETH, and LINEA itself is not a gas token, unlike $STRK or paymasters support for ERC-20 from zkSync Era.
20% of net revenue in ETH (after deducting costs for publishing data on L1 via EIP-4844 blobs, proof verification, etc.) is burned in ETH, and 80% of net revenue is used to buy back and burn $LINEA. This makes the scarcity of both assets a function of the actual network load.
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Today, we're setting a new standard for Ethereum Layer 2.
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This is how we build the Layer 2 where Ethereum wins.
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.
Giveaway $150 worth of $ETH on Linea to 10 winners 💎
To participate:
1) Follow @AtomicWallet and @LineaBuild
2) RT the post
Each winner will get $15 - don’t miss the chance!
🌐𝐀𝐍𝐍𝐎𝐔𝐍𝐂𝐈𝐍𝐆 𝐒𝐄𝐍𝐓𝐈𝐄𝐍𝐓 𝐂𝐇𝐀𝐓—𝐓𝐇𝐄 𝐎𝐏𝐄𝐍, 𝐀𝐆𝐄𝐍𝐓𝐈𝐂 𝐏𝐄𝐑𝐏𝐋𝐄𝐗𝐈𝐓𝐘
𝐎𝐩𝐞𝐧-𝐬𝐨𝐮𝐫𝐜𝐞 𝐀𝐈 𝐢𝐬 𝐡𝐞𝐫𝐞.
𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐰𝐚𝐢𝐭𝐥𝐢𝐬𝐭 𝐟𝐨𝐫 𝐢𝐧𝐯𝐢𝐭𝐞 𝐜𝐨𝐝𝐞𝐬:
👉 https://t.co/GxzKB9nUSr
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