Discover the essentials of Linea Surge and learn how to maximize your LXP-L earnings efficiently. This guide covers everything you need to know to get started and optimize your participation.
(Know More About Linea Before Reading: What is Linea: A ConsenSys-Backed zkEVM Layer2)
What is Linea Voyage?
Linea Voyage is a series of structured events and challenges aimed at engaging users with the Linea Layer 2 network. This initiative helps participants explore the capabilities of the Linea ecosystem while contributing to its development and testing.
Currently, the Linea team has organized campaigns centered around DeFi, games, and social Dapps, specifically the Linea Voyage: DeFi and Linea Park. By participating in these activities, users not only become more familiar with various Dapps but also earn LXP (Linea Voyage XP) tokens, which is anticipated to be used as a basis for future Linea Airdrops. The next phase of activities is set to begin with Linea Voyage: The Surge (Linea Surge).
What is Linea Surge?
Linea Surge is an innovative program designed to supercharge the Linea ecosystem by attracting liquidity and engaging participants in DeFi activities. It aims to foster a robust and active on-chain economy as Linea prepares for decentralization.
Key Features of Linea Surge
- LXP-L Tokens: Participants earn LXP-L, a soulbound token, by providing liquidity to the Linea network and deploying assets into partner protocols. These tokens recognize and reward liquidity contributions, promoting healthy ecosystem growth.
- Six Volts: The Surge is structured into six epochs, known as “Volts,” each lasting one month. The program will continue until six Volts are completed or until the network reaches a Total Value Locked (TVL) of $3 billion, whichever comes first.
- Dynamic Multipliers: To ensure balanced growth, the Surge employs dynamic multipliers that adjust over time. These multipliers influence the number of LXP-L points earned based on the type of assets and the protocols used, encouraging diverse and strategic liquidity provision.
- Inclusive Participation: The program is designed to be inclusive, welcoming both large-scale liquidity providers and retail users. There are no minimum liquidity requirements to start earning LXP-L points, making it accessible to a broad range of participants.
Real-Time Tracking: Participants can monitor their LXP-L accumulation and other relevant metrics through a dedicated dashboard provided by OpenBlocks, ensuring transparency and engagement throughout the program.
What is the Difference between LXP and LXP-L?
After gaining an understanding of Linea Voyage and Linea Surge, it becomes clear that the tokens earned from the Linea Surge activities are LXP-L, not LXP. Below are the differences between LXP and LXP-L:
| Feature | LXP | LXP-L |
| Token | ERC-20 | ERC-20 |
| Accumulation | Earned through participation in Linea Voyage events and activities | Earned by providing liquidity and engaging with DeFi protocols during The Surge event |
| Dynamic Multipliers | Not applicable | Yes, to encourage diverse and strategic liquidity provision |
| Transferability | Non-transferable | Non-transferable |
Why Two Types of Tokens? LXP and LXP-L
The Linea ecosystem uses two types of tokens, LXP and LXP-L, to ensure balanced and fair recognition of different types of contributions:
- LXP is designed to reward general participation and engagement with the Linea ecosystem, such as testing and using various Dapps and contributing to community growth. This helps in building a robust and active community.
- LXP-L, on the other hand, is specifically aimed at incentivizing liquidity provision. Since liquidity provision is crucial for the stability and growth of DeFi applications, LXP-L tracks and rewards users who add liquidity to the network.
This dual-token system allows for a more tailored and effective incentive structure, addressing both general engagement and specific financial contributions separately. By having these two distinct tokens, Linea ensures that all types of contributions—both general activity and liquidity provision—are fairly rewarded and recognized, fostering a balanced and sustainable ecosystem.
How to Participate in Linea Surge?
To participate in Line Surge, users must first obtain a referral code. After entering the referral code, you can activate your wallet and start collecting LXP-L.
If you’re unsure where to get a referral code, you can check Linea’s Discord and Twitter!
How to Earn LXP-L Efficiently?
Since LXP-L is considered a basis for future Linea Airdrop rewards, how can you efficiently earn LXP-L with limited assets?
Here are some tips for you:
- Early Participation: The allocation of LXP-L decreases by 10% each phase, so joining early allows you to earn more points before the distribution decreases. Early participants also benefit from additional multipliers.
- Liquidity Provision: Providing liquidity is the primary way to earn LXP-L. Focus on contributing to liquidity pools, especially those with higher multipliers. Linea Surge emphasizes the importance of ETH and LRT liquidity on DEXs and lending platforms, and ETH and Stables liquidity on Bridges Pools, which are prioritized for points distribution.
- Dynamic Multipliers: Utilize dynamic multipliers by strategically allocating your assets. Liquidity in volatile asset pools tends to earn more points due to the higher market depth and realized volatility factors. Adjust your strategy according to the heatmap available on the OpenBlock dashboard to optimize your liquidity positions.
- Avoid Recursive Borrowing: Focus on non-recursive lending strategies, as recursive borrowing is excluded from points calculation. Ensure your lending positions are straightforward and avoid complex strategies that might reduce your points
After understanding the distribution rules of LXP-L, you can allocate your assets to suitable Dapps to earn LXP-L! If you’re unsure which Dapps to use, you can check Linea Ecosystem’s website.
(Know More About Linea Ecosystem: Exploring the Linea Ecosystem! Top 7 Dapps Introduction)
Additionally, in terms of data, users can check the overall participation in the event and their current points through the OpenBlock dashboard.
Begin Your Linea Surge Journey with XY Finance!
As one of the key cross-chain bridges on Linea, XY Finance is excited to participate in the Linea Surge event.
In hands with Syncswap, iZumi Finance & Zerolend, you can now join us on Intract and kick off your Linea Surge journey! Complete all the tasks to earn an additional 90 LXP-L, and at the end of the event, 50 lucky participants will share a reward of 500 USDC!
Hurry and click the link to join the event! The event ends on June 13th at 02:00 (UTC).
Bridge to Linea to Participate in Linea Surge
If you want to participate in Linea Surge, the first step is to transfer your assets to Linea. Don’t waste any time! You can now bridge tokens to Linea with this simple guide:
- Visit XY Finance and connect your Wallet.
- Select the network you want to transfer tokens from (Ethereum, Polygon, Arbitrum, Avalanche, Optimism + 15 others).
- Select the token you want to bridge from your network to Linea and input the amount.
- Review and confirm the transaction. Your tokens will arrive in under 5 minutes
(Encountering any problems while bridging? Check out our comprehensive tutorial.)
