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$LINEA Airdrop post could've been 3 announcements:
Two great and one worrying:
- 20% of net income gas fees in ETH will be burned, while 80% will burn LINEA.
- 10% of initial airdrop. 85% to the community. Lovely.
The worrying part:
Bridged ETH will be natively staked and Linea LPs will gain this yield plus returns from DeFi activities, with "top risk-adjusted" returns.
Is it just native staking? Or will Linea use bridged ETH in their DeFi ecosystem like @katana ?
From the announcement, "top risk-adjusted" means some asset management.
But this capital rehypothecation caused massive FUD for Polygon when they proposed to use bridged funds in DeFi.
Would like to see more details on how bridged ETH will be used.
Seeing Eigen Labs among Consortium partners, seems that $ETH could be restaked.
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