I’m a loyal Linea user and have been actively involved since the testnet phase. I hold the Alpha NFT, 7,096 LXP, and over 8 million LXP-L. Based on my experiences over the past year, I’d like to share a few suggestions regarding decentralization:
1.Tokenomics and Secondary Market Performance
I’ve noticed that Layer 2 solutions like zkSync, StarkNet, and Scroll have launched tokens, but their secondary market performance has been underwhelming. I believe this is largely due to their low circulation supply and high FDV token models. For Linea to stand out among Layer 2 networks, designing a robust tokenomics model that ensures strong secondary market performance could be a key differentiator.
2. Dual Incentive Boost for LXP and LXP-L Holders
Users who hold both LXP and LXP-L are not only active participants in the Linea ecosystem but also contribute liquidity to the network. I suggest providing this group of users with appropriate additional incentive boosts as a reward for their dual contributions.
3.Centralization Risks with LXP-L Distribution
The OpenBlock dashboard displays the total LXP-L supply, the average amount, and the number of participating addresses. From this data, it’s clear that lxp-l is heavily concentrated among a small group of users. As a public blockchain, Linea must prioritize sufficient decentralization. If the network leans too heavily toward benefiting a minority of users, it risks becoming a blockchain for the few.
4.High Cost of Earning LXP Before Linea Park
Before the Linea Park event, the cost of earning LXP was extremely high due to Ethereum’s pre-Cancun upgrade, which made gas fees very expensive. After the upgrade, however, the cost of earning LXP became significantly lower.
5.Challenges for New Users to Earn LXP
If I recall correctly, for new users who joined Linea starting with Linea Park(maybe culture SZN), it was difficult to accumulate more than 2,000 LXP. With only four reward tiers, this structure might unintentionally penalize newer users. I believe creating more tier levels to better accommodate both new and veteran users would be a fairer approach.
6.Incentives for POH-Verified Addresses
POH is a defining feature of the Linea community, distinguishing it from others. It reflects the high quality of the user base and serves as an effective method for mitigating Sybil attacks. I suggest allocating incentives more favorably toward addresses verified through POH.
If Linea aims to successfully execute a TGE and maintain competitiveness over an extended period, I believe these suggestions warrant careful consideration.