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Davos and Linea Join Forces for The Surge

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June 03, 2024

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We are thrilled to announce that Davos has formed a new collaboration with Linea. The joint venture will enable our users to participate in The Surge, a campaign aimed at boosting Linea's ecosystem through a dynamic point structure.

Read below to learn more about The Surge and how our users can become eligible for the upcoming rewards.

What is The Surge?

The Surge is an LXP-driven airdrop campaign designed to reward users for their liquidity contributions to the Linea network. By participating, users can earn LXP-L points, which are integral to fostering a sustainable and dynamic ecosystem.

The campaign will unfold over six months, divided into six epochs, each with its own theme and unique opportunities. Each epoch, also known as Volt, promises a unique experience, filled with educational content and partner highlights.

unnamed.png Total Valued Locked on Linea (Source)

How to Participate in The Surge through Davos

By engaging with Davos Protocol using Linea Native assets, participants can earn LXP-L, boosting both their rewards and the liquidity of the Linea ecosystem. Here is how users can accumulate points leveraging Davos Protocol:

Ecosystem Points:

Ecosystem Points incentivize asset onboarding on Linea as well as user activity across many ecosystem protocols. Users can acquire these points by depositing Linea Native Assets on the Davos platform, such as:

-> weETH (from Ether.fi) and STONE (from Stakestone)

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Several aspects are used when calculating the points:

- Early Adopter Modifier:

This acts as a decay function over time, awarding greater points to early participants.

- Passive Liquidity Multiplier:

Points are awarded based on the quantity of passive liquidity in your wallet.

- Activity Points:

Accumulated through participation in several DeFi verticals, with each vertical and asset class having unique multipliers.

unnamed.png Asset Weight for Activity Points (Source)

Liquidity Points:

Earn rewards for providing liquidity on Lynex via Davos. Specifically, Davos has set up a Lynex Liquidity Pool for DUSD/USDC. Users who provide liquidity in this pool can earn various rewards, including:

- LXP-L Points: As part of the Campaign, Linea will reward users who contribute to the pool with LXP-L points. - Peaks: Users can earn Peaks daily by simply holding DUSD. Additionally, provisioning to the pool gives a 5x Peaks boost.

The Surge point structure for liquidity provisioning is determined by the market depth of the liquidity positions and the realized volatility of the corresponding pools. This guarantees that points are awarded in proportion to the effectiveness of the liquidity provided.

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Veteran Points:

Veteran Points are awarded to those who consistently exhibit their commitment and loyalty to the ecosystem. These points include a unique multiplier for users with notable past activity.

For Davos users, continuously engaging with the platform and participating in campaigns can earn you extra points. The Linea team provides a list of qualifying addresses, which adds an extra multiplier to standard Ecosystem Points while recognizing and rewarding long-term contributors.

For users who want to study The Surge point structure in detail, visit Linea's documentation:

-> https://docs.linea.build/users/linea-voyage/linea-surge/linea-surge-model

Why Participate?

- Dual Points System: Benefit from both Peaks and LXP-L points, improving your positioning in both The Surge and The Davos Apex Adventure.

Read more about The Davos Apex Adventure here: The Davos Apex Adventure

- Early Adopter Advantage: Early contributors receive additional points, rewarding prior participation and contributions to the network.

unnamed.png Early Adopter (EA) Multiplier on The Surge Campaign (Source)

- Become a Pioneer: Engage in a thriving ecosystem and explore the full range of opportunities given by novel and innovative protocols.

Linea's Intract Campaign with Davos

Alongside The Surge, Davos users can also participate in our upcoming Intract campaign with Linea. This collaborative initiative enables users to earn LXP-L Points through Davos, while simultaneously accumulating from Davos native point system: Peaks. This dual-reward system is designed to encourage widespread participation and offers users multiple incentives for engaging with both platforms.

Participants in the Intract campaign will benefit from the combined rewards, significantly increasing their potential to earn impressive rewards from both Davos and Linea.

Join Us in The Surge

This is your chance to be rewarded for being a blockchain pioneer. Set up your wallet, bridge your funds to Linea, and be one of the first to dive into the opportunities presented by Davos and Linea.

Whether you're a seasoned liquidity provider or new to the ecosystem, The Surge offers something for everyone. Stay tuned for more updates and detailed guides on maximizing your points and rewards. For further information on The Surge check out Linea’s documentation.

Join Davos and Linea in this exciting journey and take your place at the forefront of blockchain innovation and rewards. Don't miss out—start today!