Hello everyone, I’m Le Chiffre, a community member of Linea ecosystem. First, thank you to Linea for allowing us to share our thoughts on the upcoming airdrop distribution planned for Q1 2025, during the TGE.
NB: Here, I won’t speculate on Linea’s total supply, token price, or valuation at the TGE. Only the Linea team has access to this information, and as such, I am intentionally refraining from including hypothetical gains. The idea is to share a reward system that I believe is the most optimal for Linea.
Context:
Linea issued 2,621,511,258 LXP during campaigns.
- Number of LXP holders: 1,297,203
Linea issued ≃**120B LXP-L during Linea Surge
- Number of LXP-L participants: ≃ 2,034,000
With the basics established, Linea now has two choices:
- Reward all holders using a system like “1 LXP = X Linea tokens” and “1 LXP-L = X Linea tokens,” which would result in a dust airdrop, as we’ve seen with other L2 airdrops, leaving everyone with a bitter aftertaste.
- Reward with a tiered system that allows for precise rewards based on user engagement with Linea.
What I propose is as follows:
The table below shows that each tier provides points. The idea is to minimize tier differences by assigning 1 and 0.5 points based on user involvement during the LXP and Linea Surge campaigns. This avoids the frustration that might arise for users who are, say, only 2 LXP short of advancing to the next tier.
The distribution of LXP and LXP-L points can be adjusted at the discretion of the Linea team. This is provided as an example.
Non-eligibility for LXP-L points:
There should be a minimum liquidity deposit threshold in Linea protocols. For example, if a whale deposits 10k ETH in liquidity for just one week and withdraws, they should not qualify. A minimum of one full month of providing liquidity during a Volt seems fair.
This allocation ensures that both LXP and LXP-L farmers are rewarded fairly.
However, Linea is more than just LXP and LXP-L.
Linea is a vibrant ecosystem with communities that have grown and contributed to Linea’s development.
These individuals are Linea’s biggest believers, because they stayed even beyond the LXP and LXP-L campaigns. They make partnership between dApps, they help with social raids, and so on. This includes communities like Foxy and Efrog—the two largest groups—but also DTC, Linus, and others!
Community & bonus points:
There will be some bonus point system for communities to earn additional points, as described in the table below.
With all these points distributed, we can accurately define your level of involvement in Linea’s ecosystem beyond the LXP and LXP-L campaigns.
The point allocation table is constructed similarly to what Arbitrum used. You’ll notice gaps every 3 points (like Arbitrum), which favors those who are highly engaged over multiple low-engagement wallets.
The difference between the first reward tier and the last will be 13x, which is extremely reasonable and fair.
The benefits of this airdrop model:
- Wallets that joined during Linea Park won’t necessarily be disqualified if they actively participated in Linea—especially with bonus & communities points linked to the Linea ecosystem.
- Super farmers who only completed tasks during campaigns won’t receive the entirety of the governance tokens.
- This distribution method will satisfy the vast majority of the community.
Thank you for reading me! I look forward to your feedback.