284: Linea, Consensys & The Largest Ecosystem Fund in Ethereum

Web3 with Sam Kamani

Declan Fox from Consensys joins Sam to discuss Linea — Ethereum’s zkEVM rollup with the largest ecosystem fund in Web3. He shares his journey from private blockchains to launching Linea, the chain’s unique tokenomics, native yield, and burn mechanism, and why distribution (not just tech) will define the winners in the L2 race.

Key Timestamps

• [00:00] Declan’s journey from driverless cars → private chains → Consensys & Linea.

• [00:04] Linea’s mission: gateway to Ethereum for users, institutions & capital.

• [00:06] Differentiation in L2 wars: distribution > just faster/cheaper tech.

• [00:08] Ecosystem fund: 75% of supply for builders, LPs, open-source software.

• [00:10] Tokenomics: burn mechanism — 20% ETH, 80% Linea token.

• [00:11] Ether X: new institutional-grade DEX on Linea solving the DEX trilemma.

• [00:12] Next narratives: tokenized equities, institutional DeFi, payments.

• [00:14] Key challenge: regulation & Ethereum’s global perception vs. other L1s.

• [00:17] Lessons learned: focus on UX, partner selection, community building.

• [00:21] Roadmap: native yield (staking ETH bridged to Linea) + burn live Q3.

• [00:25] Great consolidation of L2s — few winners, many sunset chains.

• [00:27] Ask: Builders, institutions, and funds to join Linea’s ecosystem.

Connect

https://consensys.io/

https://www.linkedin.com/company/polygonlabs/

https://www.linkedin.com/in/declan-fox-b743869b/

https://x.com/LineaBuild

https://x.com/DeclanFox14

Disclaimer

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