Linea Kicks Off Ignition Rewards Program too Boost Liquidity
Linea, a prominent Layer 2 network, has unveiled the Ignition program. This incentive scheme targets liquidity providers, aiming to bolster the Total Value Locked (TVL) in the network.
Announced on September 2nd, the plan will distribute one billion LINEA tokens to liquidity providers on Aave, Euler, and Etherex. These platforms are essential components of Linea’s growing DeFi ecosystem.
The main goal is to surpass $1 billion in TVL by October 26th. To achieve this, Ignition employs a novel approach to distributing rewards. Using Brevis’ zero-knowledge proof technology, rewards are securely tracked and verified, ensuring fairness and openness.
Ignition is live after weeks of closed beta testing. It encourages participants to offer liquidity during volatile periods by offering higher rewards. such as, rewards on Aave and Euler are calculated based on time-weighted vault shares and adaptive incentives.
- Secure tracking via Brevis’ ZK-proofs.
- Rewards unlock gradually starting October 27th.
- aims to surpass $1 billion in TVL.
Participants can track their rewards progress through the official campaign site. By connecting their wallets, users stay updated on their token earnings.
Claiming rewards begins on October 27th; 40% of earned tokens become available, with the remaining 60% unlocking daily over the following 45 days. This stepwise release strategy supports long-term engagement within the ecosystem.
Linea’s Ignition program follows othre notable token-related milestones this summer, including a massive ecosystem airdrop and pre-market trading launches.
