Lookonchain APP

App Store

Linea announced multiple plans ahead of the TGE, including the introduction of native ETH rewards, establishing an Ethereum Ecosystem Fund, etc.

2025.07.29 20:24:35

On July 29th, Linea announced a series of plans prior to the token TGE. These plans include introducing native staking rewards for bridged Ethereum, launching a protocol-level Ethereum burning mechanism, designing an Ethereum-centric deflationary token, and establishing an Ethereum ecosystem fund. The aim is to transform Linea into an ETH capital hub. The bridged Ethereum native staking feature is expected to be launched in October, and the staking rewards will be reinvested in the Linea ecosystem. The Linea team stated that approximately 20% of all net transaction fees paid in ETH will be burned to reduce the supply of ETH, while the remaining 80% of net transaction fees will be used to burn LINEA tokens to reduce the fixed supply. Additionally, 85% of the token supply will be allocated to the ecosystem, with 10% reserved for early users and 75% gradually distributed through the ecosystem fund. The remaining 15% of LINEA tokens will be locked for five years and owned by the Consensys Treasury. The ecosystem fund will be managed by the Linea Alliance, which is composed of leading Ethereum institutions such as Consensys, Eigen Labs, ENS Labs, Status, and SharpLink. More institutions are expected to join later. Although the issuance date of the LINEA token has not been announced, it is expected to go live soon. The upcoming token will mimic Ethereum's original distribution model while being built on the core utility of ETH.
Relevant content

Andre Cronje: DeFi has become a hollow shell, and is now merely "on-chain finance"

Fantom founder and former Sonic Labs co-founder Andre Cronje recently stated bluntly: "I believe DeFi no longer exists outside of very niche segments." The vast majority of current DeFi protocols are categorized as "on-chain finance" or "open finance," but true DeFi must meet three core criteria: decentralization, immutability, and non-custodialism. This definition no longer applies to nearly any existing DeFi protocol, Cronje explained. Today’s intermediaries take the form of companies, decision-makers, curators, or risk committees—"all elements we have long observed in traditional banking." True DeFi still persists in some niche projects, he added, noting that he still sees genuine innovation in this space. According to DefiLlama data, the total value locked (TVL) in DeFi has halved from $167 billion in October 2025 to the current $75 billion. A March working paper from the European Central Bank (ECB) also cast doubt on the decentralization of DAOs. A snapshot analysis of holdings across Aave, MakerDAO, Ampleforth, and Uniswap revealed that the top 100 governance token holders control over 80% of each protocol’s total supply, raising questions about whether these platforms should be exempt from MiCA regulation as "fully decentralized" services.

8 minutes ago

Yushu's perpetual contract briefly plunged 5.5% ahead of its IPO, currently quoted at around 600 yuan.

On Trade.xyz, Unitree’s pre-IPO perpetual contract saw a short-term sharp drop: after rising to $94, it fell to $88.8 within an hour, a 5.5% short-term decline. Its current quote is around 600 yuan, translating to a post-listing market cap of roughly $36 billion, or approximately 243 billion yuan. Based on Unitree’s previously set IPO offering price of 150.8 yuan per share, it is expected to deliver a 3.98x return from new share subscriptions post-listing, with a net profit of about 224,600 yuan after deducting subscription payments. Unitree is projected to officially list and trade in mid-to-late August, and is currently awaiting the final official announcement from the Shanghai Stock Exchange.

8 minutes ago

DeepSeek V4Pro Official Version Suddenly Pulled

The release notice for DeepSeek-V4-Pro-0813 and its open platform announcement on DeepSeek’s official website have been withdrawn, less than 24 hours after the model was quietly launched on the evening of August 12. DeepSeek-V4-Pro-0813 remains visible in the official API documentation at present.

8 minutes ago

Unitree Robotics: Online investors waived the subscription for 8,734 shares

Unitree Robotics announced that as of August 5, 2026 (T-3 day), all investors participating in the strategic placement have fully and timely paid their subscription funds. The sponsor (lead underwriter) has, by August 14, 2026 (T+4 day), refunded excess payments from strategic placement investors that exceed the amount corresponding to their final allotted share count. Online investors abandoned the subscription of 8,734 shares, totaling 1,317,087.20 yuan; offline investors abandoned 0 shares, with an abandoned amount of 0.00 yuan.

8 minutes ago

JPMorgan Chase plans to test real-time blockchain settlement for Japanese government bonds, while MUFG intends to conduct a similar trial.

JPMorgan Chase plans to test real-time blockchain settlement for Japanese Government Bond (JGB) transactions. Meanwhile, Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banking groups, is preparing to run a proof of concept (PoC) for on-chain Japanese government bond trades via the Canton Network, exploring 24/7 real-time settlement to shorten the current traditional 1-to-3-day settlement cycle and boost repurchase transaction efficiency.

8 minutes ago

JPMorgan Chase plans to test real-time blockchain settlement for Japanese government bonds, while MUFG intends to conduct a similar trial.

JPMorgan Chase plans to test real-time blockchain settlement for Japanese Government Bond (JGB) trades. Meanwhile, Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banking groups, is preparing to conduct a proof of concept (PoC) for on-chain Japanese government bond transactions via the Canton Network, exploring 24/7 real-time settlement to shorten the current traditional 1-to-3-day settlement cycle and boost repo transaction efficiency.

8 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano