Status Joins Linea Layer2 Consortium as a Founding Member

Status (Status, SNT), an Ethereum (ETH)-based messaging platform, announced on the 30th that it has joined the Linea (Linea) Layer2 Consortium as a founding member.

Status, along with Consensys, ENS Labs, Eigen Labs, and SharpLink, will jointly operate the largest ecosystem fund in the history of Ethereum. The Linea Consortium plans to allocate 75% of the Linea token supply over the next 10 years to decentralized applications, liquidity provision, and long-term research and development.

Linea burns ETH at the protocol level, provides native ETH staking for bridged assets, and is the first rollup to allocate 85% of its total token supply to ecosystem growth. Status, which is implementing a native ETH interest structure and an SNT-based incentive mechanism, will play a key role in designing the overall capital allocation and governance strategies for the Linea ecosystem.

Declan Fox, Head of Linea, said, "We are proud to develop Ethereum-based mechanisms together with Status," adding, "We reflected key principles of Ethereum, such as fees, staking, and burning, in the infrastructure design."

Status, built on the zero-knowledge Ethereum Virtual Machine (zkEVM) stack of Linea, has launched an Ethereum Layer2 network with zero transaction (gas) fees. Instead of gas costs, bridged ETH and stablecoins are converted into yield-generating assets, and net proceeds are returned to native decentralized exchange (DEX) liquidity providers and application developers through public funds.

Cyprien Grau, Lead at Status, explained, "The connection with Ethereum is a long-term value maximization strategy, and Status operates on an infrastructure directly linked to the growth of Ethereum, Linea, and its own network."

Status plans to secure its initial locked-up deposit (TVL) in the fourth quarter of this year and run an advance deposit campaign to stimulate protocol-native revenue and governance. Participants can deposit SNT, ETH, stablecoins, etc. to earn Karma and secure governance rights ahead of the mainnet launch.

The mainnet launch is scheduled for the first quarter of 2026. It is expected to be the first Ethereum-based Layer2 that operates on ETH-based revenue without gas fees.