Status Steps Up as Founding Member of Linea Consortium
Status (SNT) has been appointed a founding member of the new Linea Consortium, alongside Consensys, ENS Labs, and Eigen Labs.
The Consortium will oversee the deployment of 75% of Linea’s token supply over the next decade to support public goods, builders, liquidity, and R&D, all aligned with Ethereum’s core principles.
As a steward of the Consortium, Status will play a key role in selecting and managing grant programs and capital deployment strategies, helping to build value across Ethereum.
Through its position, Status will help ensure the biggest ecosystem fund of its kind in Ethereum’s history is leveraged for the benefit of the broader Ethereum community.
Linea’s tech stack underpins Status Network, the first gasless Layer-2 network built on Ethereum, which does not charge any transaction fees. Instead, it is powered by the native yield on bridged ETH and stablecoins and native app fees.
Governance over how the yield is spent is handled through Karma, a non-transferable governance token earned by staking SNT, providing liquidity, or simply using apps in the Status ecosystem.
This model provides a frictionless user experience and sustainable economics for dapp developers, with no need to worry about inflationary emissions or sequencer fees.
“We’ve designed Linea to serve Ethereum’s future, not just its scaling,” said Declan Fox, Head of Linea.
“With stewards like Status Network, we’re building L2 infrastructure that supports users, burns ETH, funds public goods, and brings new value to the base layer.”
Through its cutting-edge approach, Status Network is the first project to fully adopt Linea’s ETH-native staking architecture and blueprint for Ethereum alignment.
“Ethereum alignment has long been seen as a meme, or at best a philosophy. But in reality, it’s a compounding asset strategy that front-runs the structural tailwinds of ETH’s institutional adoption,” said Cyprien Grau, Lead at Status Network.
“Status Network is designed to turn ETH-native yield into free-to-play public infrastructure. With SNT at the heart of yield governance and SNT burn mechanics tied to network usage, SNT becomes an ETH-aligned asset with exposure to three growth curves: Linea, Status, and Ethereum itself.”
SNT, first issued in 2017, will become the core of the Status Network Layer-2 ecosystem, and holders who stake SNT will receive 35% of Karma supply over time, which translates into governance influence over L2 yield distribution that becomes increasingly impactful as activity grows and yield increases.
The model is designed to create a cycle where free transactions and native yield attract users, boosting deposits and activity, which in turn generates higher yields and greater demand for governance over SNT allocation.
In Q4 2025, Status Network will launch a pre-deposit campaign to seed initial total value locked (TVL) and kickstart protocol-native yield and governance.
Users will be able to deposit SNT, LINEA, ETH, or stablecoins to start earning Karma and other rewards, which will eventually grant them voting power to participate in governance decisions ahead of the network’s mainnet launch.
Mainnet launch is planned for Q1 2026. This will mark the first fully gasless, ETH-yield-powered L2 secured by Ethereum, with community governance and real economic sustainability.
Developers can start building today on Status Network’s live testnet by checking out the documentation.
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