According to linea.mirror.xyz, Linea has launched Linea Surge, a multi-part initiative designed to increase liquidity and total value locked (TVL) on Linea’s layer 2 (L2) blockchain network. The Surge introduces LXP-L, a new token that rewards users for holding assets on Linea and provides bonuses for leveraging those assets through partner protocols. StationX, an on-chain capital reconciliation protocol, is emerging as a key player in Surge.
StationX and Surge
StationX provides users with a way to engage with diverse communities and experiment with new DeFi strategies. StationX’s stations allow on-chain communities to pool resources, collectively raise capital, and manage assets as a unified, large-scale liquidity provider (LP). The protocol has recently been gaining attention when the Efrogs community integrated with StationX to offer a new membership model. StationX represents a movement that leverages collective action for amplified rewards, including the possibility of earning LXP-L tokens from Surge.
Understanding StationX
Station allows the on-chain community to pool capital together and manage assets as a single large LP. They can negotiate directly with the protocol for additional incentives for stations. Points are rewards distributed by StationX to users who participate in Surge. Users can also earn LXP-L by joining featured stations or by creating and funding their own stations with a minimum of 0.01. ETH.
Create and join stations
Creating a station is a simple process that takes less than 60 seconds. Users can earn points every hour after signing up to their first station. You can also earn LXP-L by subscribing to recommended stations or creating your own stations. The Efrogs core team manages the funds raised inside Efrogs station V1. Withdrawals from Station will be available starting in the summer of 2024, allowing members to withdraw ETH and accumulated APY/reward shares earned from LP positions on Station.
Best practices for using StationX
Users are advised to use an easily identifiable name and token ticker while creating stations, double-check that they are joining the correct station, and check that they are connected to the Linea network at app.stationx.network. You can also customize your station’s contribution page by including a description, image, logo, social links, and more in the ‘Preview and Edit’ section.
Linea’s Surge represents an important step in the growth of the DeFi sector, and StationX stands out as a critical element in this development. This initiative not only improves liquidity but also opens up new opportunities for user engagement and rewards.
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