About Joseph Chalom

Linea, the Ethereum Layer 2 (L2) founded by Consensys, today introduced a set of mechanisms and long-term commitments designed to establish the network as the home for ETH capital. These mechanisms include native yield on bridged ETH, protocol-level ETH burn, a deflationary, Ethereum-centric token design, and the formation of the largest Ethereum ecosystem fund. An unprecedented 85% of the token supply will go to the ecosystem, with 10% allocated to early users and the remaining 75% to be distributed through the ecosystem fund in a series of programs over time. The remaining 15% will be allocated to the Consensys treasury under a 5 year lockup.