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Status Launches Gasless Layer 2 on Linea Testnet With Community Yield Model

Status Launches Gasless Layer 2 on Linea Testnet With Community Yield Model WikiBit 2025-07-12 03:03

Status (SNT), known for its decentralized communication platform since 2017, has launched the first

Status (SNT), known for its decentralized communication platform since 2017, has launched the first natively gasless Layer 2 network on testnet. Built on Consensys Linea zkEVM rollup, the new Status Network removes transaction fees and introduces a community-focused yield allocation system.

Instead of charging gas fees, Status converts bridged ETH and stablecoins into yield-bearing assets such as stETH and sDAI. This yield, along with fees from native applications, funds builders and liquidity providers. The model aims to attract users and deposits, creating a self-sustaining cycle where higher activity generates more yield for the ecosystem. Pending governance approval, part of this yield may also support SNT token buy-backs and burns.

The Status Network is designed for use cases across gaming, social apps, and DeFi. Early apps include a mobile RPG, an onchain gacha game, and a metaverse casino, with more DeFi tools planned.

The testnet v1 is now live, supporting fully gasless transactions. A second testnet version with spam protection and yield routing is scheduled for October 2025. Mainnet launch is expected in Q1 2026.

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