Ethereum's L2 Network Linea Launches Surge Initiative to Boost Ecosystem

According to Foresight News, Ethereum's Layer 2 network, Linea, has announced the launch of the first phase of Linea Surge. The initiative aims to stimulate the development of its ecosystem by attracting more users and increasing the Total Value Locked (TVL) on the network. Linea Surge is a points-driven plan where users can earn LXP-L tokens by holding assets on Linea and deploying them to the network's DeFi protocols. The program will run for six phases, or six months, or until the TVL reaches $3 billion. The allocation of LXP-L tokens will decrease by 10% each phase, with early users receiving additional benefits. Furthermore, the liquidity deployed by users must be greater than or equal to $24 in a single protocol to be eligible for points calculation.