Linea to Burn ETH With Every Transaction in Bold L2 Upgrade

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Linea, an Ethereum layer-2 web incubated by Consensys, has unveiled a broad suite of upgrades designed to embed the web deeper into the furniture 1’s economical and ideological fabric.

Linea’s updated roadworthy map, expected to rotation retired successful October 2025, introduces ETH-native staking connected bridged assets, a protocol-level ETH pain mechanism, and the allocation of 85% of its token proviso to ecosystem development.

This determination comes arsenic momentum successful the Ethereum ecosystem is building, acknowledgment to the increasing organization interest. The Linea squad wrote successful a property merchandise shared with CoinDesk that their updates volition “position Ethereum to conscionable the needs of blase superior arsenic TradFi begins to onboard to DeFi, and reenforce Linea arsenic a large location of aboriginal innovations successful on-chain superior markets, staking, and infrastructure.”

The squad claims that of the updates, Linea volition go the archetypal furniture 2 to pain ETH astatine the protocol level and perpetrate 20% of nett transaction fees toward reducing Ethereum supply. The remaining 80% of fees volition beryllium utilized to pain LINEA tokens, which are capped successful supply, embedding deflationary unit straight into web activity.

“Linea Mainnet volition pain ETH with each transaction, usage the LINEA token to enactment users, builders, and nationalist goods, and instrumentality worth to Ethereum’s basal layer, each portion increasing semipermanent worth successful the LINEA token-based economy,” said Declan Fox, Head of Linea, successful the property release.

According to a spokesperson astatine Consensys, the LINEA token is not unrecorded yet, but volition beryllium ‘soon.’ The network, which launched successful 2023, has $159 cardinal locked successful the protocol, according to DefiLlama.

Linea’s ETH staking mechanics volition let bridged ETH to make staking rewards connected Ethereum mainnet, adding a autochthonal output constituent for liquidity providers and DeFi protocols gathering connected the rollup.

Linea consortium

The determination coincides with the enactment of the Linea Consortium, which volition beryllium a governing assemblage for the protocol’s ecosystem fund, including members similar Eigen Labs, ENS Labs, SharpLink, Status, and Consensys.

With a 75% allocation of token proviso earmarked for semipermanent maturation initiatives, the consortium volition oversee backing for developers, liquidity providers, and nationalist goods crossed the Ethereum ecosystem. An further 10% is reserved for aboriginal Linea users, portion Consensys’ 15% stock volition beryllium locked for 5 years.

“We are witnessing an architectural reset successful planetary finance, wherever credibly neutral, decentralized, programmable infrastructure becomes array stakes for however value, identity, and coordination relation crossed borders and institutions. Ethereum is emerging arsenic the spot instauration for this caller economical architecture,” said Joseph Lubin, the CEO of Consensys, who is besides a co-founder of the Ethereum web and the Chairman of SharpLink.

“Linea is the lone L2 with full Ethereum compatibility, and we wanted the economics to beryllium arsenic aligned and supportive arsenic the technology.”

Read more: Consensys Acquires Web3Auth to Reinvent MetaMask Onboarding

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