3 hours ago
MetaMask confirmed implicit the weekend successful a station connected X that it volition rotation retired a caller onchain rewards programme successful the coming weeks, mounting speech much than $30 cardinal successful Linea tokens for its archetypal season.
The wallet app described the inaugural arsenic “one of the largest onchain rewards programs ever built,” portion stressing it is “not a farming play” but a mode to “regularly springiness back” to users.
Rewards volition see referral bonuses, mUSD incentives, exclusive spouse rewards, token entree and different perks, MetaMask said.
Long-time users volition person peculiar benefits, with the programme explicitly connected to the long-anticipated MetaMask token.
“OGs volition not beryllium ignored,” the squad wrote, hinting astatine allocations for aboriginal adopters.
Linea is Consensys’ in-house Ethereum layer-2 network, launched successful September with a 9.4 cardinal token airdrop. Allocating $30 cardinal successful Linea for MetaMask Rewards ties 2 flagship projects together, efficaciously utilizing MetaMask’s scope to bootstrap enactment connected the caller rollup.
MetaMask’s mUSD stablecoin, issued by Stripe-owned Bridge, besides launched past period and present has a circulating proviso adjacent $88 million.
With rewards tied partially to mUSD, the programme is designed to make incentives crossed wallet, stablecoin and layer-2 infrastructure.
MetaMask has not clarified whether definite jurisdictions volition beryllium excluded oregon if anti-Sybil rules volition beryllium enforced, an important item fixed the way grounds of rewards programs being gamed by farmers.
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