Linea Guide
November 17th, 2023

The project is focused on building brand new Web3 projects without sacrificing security and does not require traditional Ethereum developers to learn new technologies. Linea allows developers to deploy any smart contract, use any tool, and develop as if you were building on Ethereum. For users, it gives the experience and security guarantees of Ethereum, but at a lower cost.

ZK-Rollup combines hundreds of transactions into one instead of sending them one at a time, thereby reducing the amount of information transferred and offloading the core network. It also allows user data to be processed without revealing their personal information.

Funding:

Developer Consensys has raised more than $715 million over the past few years to grow its ecosystem.

  • 04/13/2021 closed a $65M round from JPMorgan, Mastercard, UBS and others to accelerate the adoption of DeFi and Web3 applications on the Ethereum network;

  • 11/17/2021 closed a $200M funding round with a company valuation of $3.2B. Investors include: HSBC, Coinbase Ventures and Marshall Wace;

  • 03/15/2022 closed a $450 million Series D round with a $7 billion valuation. ParaFi Capital led the funding round, investors include: Temasek, SoftBank Second Venture Fund, Microsoft, Anthos Capital, Sound Ventures, C Ventures and others.

About the token:

Linea has great potential due to ConsenSys expertise and their influence in the crypto industry. Metamask is the most used wallet that has already integrated Linea's network second after Ethereum. The L2 trend is gaining momentum and Linea will not miss its market share with this investment. To unify the whole ecosystem, ConsenSys may issue its own token to integrate it into the wallet and other products.

Retrodrop criteria:

  • Active wallet on the Ethereum network;

  • 20+ transactions on the Linea network;

  • 20+ contracts interactions;

  • $2,000+ volumes through bridges and DEXes;

  • Hold 0.005 ETH or more on the Linea network;

  • Have multiple NFTs and interactions with marketplaces;

  • Deposit/withdraw ETH via an official bridge;

  • Linea Voyage XP

  • Interoperate with the test network;

  • Having NFT for passing the testnet on Galxe "Linea Voyage".

Services to check wallet activity on the Linea network:

NFT quests for Voyage:

Linea handed out NFTs for Voyage quests.

Tier NFT depends on the number of points earned during Voyage:

  • Alpha (3400+), Beta (3050-3400), Gamma (2740-3050), Delta (2500-2740), and Omega (up to 2500);

  • All NFTs except Omega have been sent out to wallets. You can see in the scan by inserting your Metamask wallet;

  • Omega will be available to claim at the link.

Bridge ETH to Linea Mainnet:

Choose a different one each time to affect more contracts. But try to use the official bridge on the main accounts.

1. The basic way to transfer ETH to Linea is through the official bridge.

Enter the amount of ETH to transfer and select "Automatic claiming" to have the funds automatically credited, since we don't have ETH in Linea yet for manual claiming. You can also do a transfer back from Linea to Ethereum.

2. Using Orbiter bridge to transfer from other networks.

3. Rhino.fi Bridge.

4. Celer Bridge.

Supports assets: BNB, BUSD, AVAX, MATIC. Supports networks: Binance Chain, Avalanche and Polygon.

5. XyFinance Bridge.

6. Crosschain DEX Symbiosis Finance.

  1. Layerswap Bridge.

10. Crosschain DEX Squidrouter.

11. Stargate bridge (at the same time you can make a transaction for LayerZero).

12. Interport.fi

Making exchanges on DEX:

We do standard actions during the DEXes test. We make exchanges in different pairs, add and take away liquidity.

1. KyberSwap

$4,92m TVL

2. SyncSwap

$3,93m TVL

3. MetaVault

$3,52m TVL

4. Izumi

$2,13m TVL

5. Velocore

$1,67m TVL

6. PancakeSwap

$852 718 TVL

7. Lynex

$713 881 TVL

8. EchoDex

$605 836 TVL

9. Horizon Dex

$494 071

Horizon DEX also has a quest for Galxe.

10. Woo.fi

$236 779 TVL

11. SushiSwap

$20 962 TVL

Derivatives:

$1,31m TVL

Lending:

1. LayerBank

$1,26m TVL

2. Mendi

$1,07m TVL

NFT Marketplaces:

1. Zonic

  • Go to zonic.app

  • Connect wallet in Linea network

  • Select Linea network

  • Choose any collection and buy NFT

  • After buying, we can put the NFT back up for sale in the "Sell NFT" tab

2. Bilinear

  • Going to the website

  • Finding nfts to buy is very hard, so we suggest putting NFTs bought on Zonic up for sale

  • You can create your own NFT collection and put it up for sale

  • Click on your address > "Create Collection"

  • Fill in your collection details and click "Create collection"

If the "My Collection" section does not find the created collection on the main page in the search, find it by name and go to it.

  • Click on "Create NFT"

  • To create an NFT, fill in the required information in the new window and then click "Create NFT"

  • Next, we put the NFT up for sale.

3. NFTs2Me

Go to NFTs2Me, connect your wallet and choose which NFT collection you want to create:

  • Editions: collection where all pictures are the same;

  • Drops: collection where all pictures are different;

  • Generative Art: a collection where the pictures will be generated by the platform.

For example, let's choose Drops.

Enter a description, add pictures and select "Create Collection". Enter the mint price, set up royalties (Secondary Sales) in the advanced settings and click "Deploy to Linea" below.

After the deploy we can see the contract of our collection. You can perform other actions that are offered to us on the site: mint NFT from our collection, mint pin, subscribe Twitter, etc.

Linea Voyage Omega Edition mint or buy NFT.

Users who have participated in the Linea Voyage campaign on Galxe and have less than 2500 poins have the option to mint the NFT Omega Edition. Link to the mint. Those who did not participate in this campaign can purchase NFT on Element.Marketplace.

The Linea Voyage: DeFi - Wave 2: Bridging and Onramps:

Until 11/22/2023 15:00. The Linea team has launched the Voyage DeFi campaign on the Intract platform. The campaign will run for 6 weeks and will include 10 waves and 10 main quests. Link to Interact Each "wave" will be unique and will include different tasks such as wallets, bridges, swaps, landings, liquidity pools and more. Each wave will include a basic task and additional tasks.

Wave 2: Bridging and Onramps

Base task: Transfer from $25 in ETH to the Linea network using affiliate bridges.

Bonus tasks: Transfer from $25 in ETH to the Linea network using 5 different affiliate bridges. (The bridge used in the main task will not be counted).

Transfer $500 or more in ETH to Linea network in one transaction. Transfer a total of $1000 in ETH to the Linea network Review your favorite bridge on DappSheriff.

Optional protocols:

1. DEX LineaSwap

2. DEX OpenOcean

3. Lending Lineabank

Go to Lineabank and go down the page.

At the bottom left in the "Supply market" section, check "Collateral" and sign the transaction in the wallet. In the same section, click on ETH and enter the amount to be added as collateral.

Click "Supply" and confirm the transaction. In the "My account" section we have a LAB token. By clicking "Compound" we will lock them for 1 month. You can also withdraw them by clicking "Claim". On the right side of the "My LAB locker" section we can see our locked position in the LAB token.

You can increase the percentage of LAB token farming by pledging ETH tokens (147% at the time of writing this guide).

πšƒπš‘πšŽ 𝚜𝚝𝚞𝚍𝚒 πšπš›πš˜πš– πš‚πš‘πšŠπš›πš” πšπšŽπšœπšŽπšŠπš›πšŒπš‘ πš’πšœ πš™πš›πšŽπšœπšŽπš—πšπšŽπš πšπš˜πš› πš’πš—πšπš˜πš›πš–πšŠπšπš’πš˜πš—πšŠπš• πš™πšžπš›πš™πš˜πšœπšŽπšœ πšŠπš—πš 𝚍𝚘𝚎𝚜 πš—πš˜πš πšŒπšŠπš›πš›πš’ πšŠπš—πš’ πšπš’πš—πšŠπš—πšŒπš’πšŠπš• πšŠπšπšŸπš’πšŒπšŽ.

π™³πš’πšœπšŒπš˜πš›πš

π™Άπš’πšπ™±πš˜πš˜πš”

π™Άπš’πšπ™·πšžπš‹

Subscribe to Shark Research
Receive the latest updates directly to your inbox.
Nft graphic
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from Shark Research

Skeleton

Skeleton

Skeleton