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

source-logo  cryptonews.net 11 July 2025 19:23, UTC
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Ekaterina Bogatyreva

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.

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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.

Image: Freepik