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Maximize Your DeFi Earnings with Davos on Linea

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May 31, 2024

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Davos has recently increased its interoperability by integrating Linea into its platform. This collaboration allows users to not only bridge DUSD from other supported networks but also natively mint DUSD thanks to the integration of various native Linea DeFi protocols. This integration provides users with additional use cases to optimize and expand their DeFi strategies.

Hence, Davos is offering its users and users of the Linea ecosystem an additional layer of participation in The Surge, Linea's ongoing airdrop campaign, providing new opportunities to learn and engage. In this blog post, we'll delve into what Linea has to offer, how Davos users may benefit from this integration, and the exciting rewards available through this partnership.

About Linea

Linea is a Layer 2 solution designed to increase Ethereum's scalability. Leveraging zkEVM (zero-knowledge Ethereum Virtual Machine) compatibility, Linea offers an ecosystem ideal for decentralized applications (dApps).

With low transaction fees, high throughput capabilities, and privacy features, Linea is a developer-friendly platform that supports seamless and cost-effective application deployment. These attributes make Linea an excellent match for Davos Protocol.

Why Engage with Davos and Linea?

- Dual Rewards System

By participating in the Davos Integration on Linea, users benefit from a dual rewards system. You can boost your Peaks and LXP-L points from The Surge campaign, maximizing your returns, and optimizing your position within both ecosystems.

- Early Adopter Advantages

Early contributors to this integration enjoy additional points and rewards. By contributing early to the Linea ecosystem, you can take advantage of the multiplier effects of The Surge campaign and boost your earnings from the outset.

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

- Greater DeFi Experience

This collaboration offers a streamlined, efficient, and profitable DeFi experience. Users without native collateral types on Linea can still participate by minting DUSD on their preferred chain and bridge it to Linea.

However, using native Linea assets increases exposure to The Surge campaign and optimizes potential rewards. Davos and Linea together offer a comprehensive solution for DeFi enthusiasts, ensuring multiple opportunities to earn and maximize returns.

How to Participate and Earn

There are many ways Davos users can interact with Linea. Here are some examples:

- Bridging to Linea

Davos users can now bridge their DUSD to Linea. This feature enriches our offerings and expands the omnichain capabilities of our stablecoin. By bridging through Davos, users gain access to new ecosystems, allowing for the expansion of their DeFi strategies and liquidity options.

-> Start Bridging to Linea Now

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sDUSD Now Live on Linea

Our Stablecoins Savings Rate, sDUSD, is now live on Linea. Users can now stake DUSD in exchange for sDUSD directly on the Linea network. This functionality provides additional flexibility to your DeFi operations, allowing you to earn through our Savings Rate while leveraging Linea’s robust infrastructure.

To read more about our Stablecoins Savings Rate, please visit our detailed blog article on the topic: What is DUSD and sDUSD: A Beginner’s Guide

If the earnings from our Savings Rate aren’t enough, users by staking their DUSD through our Savings Rate on Linea will also be earning a 2x boost on their Peaks!

-> Stake DUSD on our Savings Rate on Linea

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Collateralizing weETH and STONE on Linea

Users can now also deposit and collateralize weETH from Ether.fi and STONE from StakeStone to mint DUSD on Linea. This process opens up new avenues for earning and provides more options for leveraging your assets with Davos through the Linea Network.

By collateralizing weETH on Linea users are not only earning Ether. fi and EigenLayer Points, but are also benefiting from a 3.5x boost on their Peaks! Similarly, users who collateralize with STONE to mint DUSD will also enjoy a 3.5x boost on their Peaks.

-> Collateralize weETH and STONE to Mint DUSD on Linea

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  • Earn Rewards by Providing Liquidity

Davos has set up a Lynex Liquidity Pool for DUSD/USDC. By providing liquidity in this pool, users can earn various rewards, including:

  • Peaks: Apart from earning peaks daily by simply holding DUSD, users will also be benefiting from a 5x Peaks Boost by provisioning DUSD to the pool.

  • LXP-L points: As part of The Surge Campaign, users who provide liquidity to the pool will be rewarded with points by Linea.

-> Provide Liquidity and Earn Rewards with Lynex

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Join Davos on Linea

Don’t miss out on the chance to become an early investor. Start interacting with Linea through Davos today and take full advantage of the rewards up for grabs.

For more details on how to maximize your DeFi strategies and start earning, visit our blog and follow our updates on social media.

Together, let’s build a more interconnected and rewarding DeFi future with Davos on Linea. Join us and be a part of this exciting journey!