Linea, the Layer 2 blockchain from Consensys, is live – and rhino.fi is integrated, straightaway.
Today Linea released their mainnet alpha network. This important milestone allows developers and protocols, like rhino.fi, to deploy dapps to the Linea network. We’ve deployed our bridge contracts and are working with Linea to ensure they’re battle tested for the public mainnet launch next week.
Want to know the best part? Once mainnet is open to the public, it’ll be free to bridge through rhino.fi for the first 48 hours.
You can already bridge from Polygon, Polygon EVM, zkSync Era, Arbitrum, Optimism, BNB smartchain and Ethereum, and next week you’ll be able to head straight to Linea
What you can find on Linea
Linea is a zk rollup for scaling Ethereum dApps. This means you get all the best projects from Ethereum with the speed and simplicity of a rollup.
Because it’s built on Layer 2, on top of the main Ethereum blockchain, Linea can ‘roll up’ transactions into bundles and prove them off-chain in batches. So it’s far quicker than Layer 1, where transactions are processed individually.
What’s more, Linea avoids the congestion of the main Ethereum blockchain and can thereby save users the gas fees which can eat into profits and income.
These gains are magnified by the use of zero-knowledge validation, a technology we use on rhino.fi. zk validation systems can prove transactions using only fragments of information, minimising the need for validators and preserving user privacy (with zk proofs, you can demonstrate the validity of a transaction without revealing the details of either party).
And the whole system inherits the core security of Ethereum, so you get speed, scalability and the security of the world’s most popular blockchain.
This combination promises users the ability to:
- Swap tokens, farm yield and access liquidity for ultra-low fees.
- Mint, trade and collateralize NFTs at scale.
- Full compatibility with existing tools, infrastructure, IDEs and wallets.
- On-chain verification of all transactions by a decentralized community of over 600k validators.
The project has been created by ConsenSys, whose CEO, Joe Lubin, was one of the chief architects of Ethereum. Lubin’s team have already created MetaMask, one of the world’s most popular software wallets with over 30 million users, and various other products including a dedicated NFT platform. Linea is their most ambitious project yet, and has already secured support from many of the most popular dApps on L1 Ethereum.
UniSwap, SushiSwap, Celer, Poseidon, LayerZero and Ghost NFT are among the projects that have been building on Linear these past few months, so users can plug into a rich, varied ecosystem from day 1, providing all the possibilities they can enjoy on more established blockchains.
How to reach Linea
Bridges are only open to Linea partners (like rhino.fi right now), but we’ll be opening our bridge next week to Linea mainnet alpha, extending the technology we’ve already applied to different chains.
It works like this:
- We establish a liquidity outpost on the chain in question.
- We enable you to access this chain using smart contracts. The whole process is controlled by user signatures, so you retain full control of your funds at all times.
This system allows you to move your funds in seconds, and we can apply it to new chains in a matter of days – so we can open our bridges on day 1.
To access our bridge to Linea, all you need to do is click the Bridges widget on our app.
Our bridge is actually a two-stage process: you deposit from your destination chain and withdraw to your origin chain.
So, simply deposit from the chain you’ve been using and then withdraw to Linea. You’ll be there before you know it.