🧛 Alright, about Linea Surge, here's the plan!
It's crucial to deposit funds into Linea before April 20th (the off link: referrals.linea.build/?refCode=TOqBINxsdz) to get the Early Adopter Multiplayer achievement and grab x1.5 multiplier for LXP-L farming (aka linea point).
There have been many debates regarding Renzo (the off link: app.renzoprotocol.com/?ref=0xa8a72134a22dc7c5c66c8d1d7d27bc452403ca87), and indeed, Linea folks confirmed that staked $ETH in Renzo are suitable for obtaining the Early Multiplier! The prerequisite is to stake at least 0.1 $ETH in Renzo (the off link: app.renzoprotocol.com/?ref=0xa8a72134a22dc7c5c66c8d1d7d27bc452403ca87) specifically in the Linea network! By April 20th. (The staking amount matters in $ETH, not the final amount of ezETH you'll get)
🙄 First, a bit of clarification..
Linea Surge (the off link: referrals.linea.build/?refCode=TOqBINxsdz) — a new (oh yes) long-term (6 months) campaign from Linea, aimed at yet another cash grab and retaining liquidity in their ecosystem or accumulating TVL.
For providing liquidity and interacting with DAPPs in the Linea ecosystem, we'll be farming L-LXP (Liquidity LXP, essentially analogous to LXP, which cannot be sold or transferred). To obtain L-LXP, there's no need to go through the RON verification like with LXP.
It's important to understand that there are currently few conversions, and there's still no officially approved list of participating DAPPs in the event.
Key points about Linea Surge:
We're facing 6 stages (1 per month) within this event
Linea Surge is not connected to previous events where we farmed LXP. So LXP and L-LXP are different types of points, and their value will differ. I believe L-LXP will be valued higher during the drop distribution.
POH verification is not required for obtaining L-LXP! L-LXP will accumulate throughout the event.
How the referral system will work is not yet known.
Event period: April/September (6 months) or until the total TVL of the network reaches $3.0b
The expected start date is April 22nd, and you need to deposit 0.1 $ETH to get the multiplier by the 20th.
• Official event description: (the off link: linea.mirror.xyz/NzFOD8A8tvKIqqjpuJFxepkminihbCzu1n8q7FOoKfA)
• Document on L-LXP calculation: (the off link: docs.linea.build/use-mainnet/linea-surge-model)
🔔 Last night, I was running the farm (the minimum is 0.1, but I'm depositing 0.111 $ETH per account, a nicer number), and here's what I came up with:
First, you need to register an account here: CLICK (the off link: referrals.linea.build/?refCode=TOqBINxsdz) (this is needed to activate the account in linea surge + they'll give you a referral link.. no details on the referral link yet)
Then swap 0.133 $ETH into ezETH (RENZO) here: CLICK (the off link: app.renzoprotocol.com/?ref=0xa8a72134a22dc7c5c66c8d1d7d27bc452403ca87)
😎 This results in an ultra-profitable setup! We're farming:
🟡Linea (LXP-L) — no introduction needed
🟡Eigenlayer (EigenPoints) — no introduction needed
🟡Renzo (ezETH) — with Binance and OKX on board (https://cryptorank.io/ico/renzo-protocol#funding-rounds)
⚫️ Then repeat the cycle using your own Linea referral link. (the off link: referrals.linea.build/?refCode=TOqBINxsdz) I'm running all the alts on one account. But you can do it differently. You decide.
🧛 So, we're farming drops from 2 ultra-gems and 1 hidden gem.
🔊 Just a reminder, you need to deposit funds into Linea by April 20th (the off link: referrals.linea.build/?refCode=TOqBINxsdz) to get the Early Bird achievement and snag x1.5 for LXP-L farming (aka linea point). You don't have much time!
💥💥💥There's a little more in my TG to farm those 3 and 1 more at once, so make sure to sub: @cryptograch_off💥💥💥
Peace and farm, fam!👍