Understanding Linea Voyage: The Surge
Linea, a burgeoning name in the DeFi ecosystem, recently launched an exciting initiative called Linea Voyage: The Surge. This announcement brings a wave of opportunities for both new and experienced users to engage with DeFi protocols and earn LXP-L points. Here's a detailed breakdown of what this means and how you can get involved.
What is Linea Surge?
Linea Surge is a program designed to incentivize users to participate in Linea's DeFi ecosystem. By engaging with various decentralized applications (dApps) and protocols on Linea, users can collect LXP-L points, which can be used for various benefits within the ecosystem.
Key dApps on Linea
Several dApps on Linea are seeing significant transaction volumes. Some notable mentions include:
- MendiFinance: A lending protocol.
- NileExchange: A decentralized exchange (DEX).
- StargateFinance: A bridging protocol.
- DeriProtocol: Specializes in options and derivatives trading.
By using these protocols, users can accumulate LXP-L points. More details and resources will be linked at the end of this article.
Getting Started with Linea Surge
To start earning points, you'll need to activate your account with Linea Surge. This requires a referral code. Here's one to get you started: olYWt9p2Y5. Activate your account using this [referral link](https://referrals.linea.build/?refCode=olYWt9p2Y5).
Tracking Your Activities
To keep track of your activities and points, Linea has partnered with OpenBlockLabs to create a dedicated dashboard. You can explore participating protocols and monitor your progress on the [OpenBlockLabs Linea Dashboard](https://openblocklabs.com/app/linea/dashboard).
Bridging and Swapping
One of the first steps is to bridge ETH to Linea from other chains. While using StargateFinance for bridging is recommended, it's important to note that points allocation for bridging via StargateFinance is not confirmed.
Next, you'll need to use a DEX for liquidity provision and swaps. NileExchange is a popular choice, but other options like SyncSwap and PancakeSwap are available. Here's a simple guide to get you started:
1. Swap some ETH to EzETH/USDC & USDT.
2. Provide liquidity into pairs of your choice. Common pairs include USDC/USDT, ETH/ezETH, and ETH/USDC.
Exploring More Protocols
For a richer experience and to earn more points, consider exploring additional protocols like MendiFinance for lending and borrowing. Here’s how you can do it:
1. Lend idle assets to earn points and lending fees.
2. Borrow assets, but proceed with caution and ensure you understand the risks.
Additionally, DeriProtocol offers options and futures trading. While it's not confirmed if trading options and futures will earn points, providing liquidity to the vault does.
Final Thoughts
Engaging with Linea Voyage: The Surge can be a rewarding experience for DeFi enthusiasts. By following the steps outlined above and exploring various protocols, you can maximize your LXP-L points and fully participate in Linea's DeFi ecosystem.
For more resources, check out the following links:
- [Referral Link](https://referrals.linea.build/?refCode=olYWt9p2Y5)
- [OpenBlockLabs Linea Dashboard](https://openblocklabs.com/app/linea/dashboard)
- [DeFiLlama Linea Overview](https://defillama.com/chain/Linea)
Stay updated and happy earning!
Check out this tweet for a step by step.
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