Linea has announced the launch of its Ignition rewards program aimed at increasing the total value locked (TVL) in DeFi protocols. The program involves the distribution of 1 billion LINEA tokens among liquidity providers and aims to enhance platform attractiveness.
Goals of the Ignition Program
The Ignition program has been approved by the Linea Consortium and aims to accelerate TVL growth across DeFi protocols in the network. The program, which concludes on October 26, expects to attract over $1 billion in TVL. Following several weeks of closed beta testing, the rewards system is now available to all liquidity providers.
Earning LINEA Tokens
Participants can earn LINEA tokens by providing liquidity to key pools on Aave, Euler, and Etherex. The incentives are designed to alleviate market stress and encourage efficient liquidity. For instance, Etherex offers larger payouts during volatile times by rewarding providers based on slippage and swap volume.
Security of Rewards with ZK Technologies
All calculations for the Ignition program are validated using Brevis' ZK (Zero-Knowledge) technologies. This ensures transparency and decentralization while preventing tampering or reliance on a central authority. Rewards will be locked until October 27, after which 40% of the accumulated tokens can be claimed, with the remaining 60% unlocking daily over the next 45 days.
The launch of the Ignition program reflects Linea's ambition to expand its influence in the DeFi sector. The program has the potential to boost TVL growth and increase interest from liquidity providers in the Linea ecosystem.
