Greetings Balancer Community! Cameron from the ecosystem team at Consensys reaching out regarding a proposal for a Balancer deployment on Linea.
Please see the contact information below if you would like to reach out directly regarding this proposal.
We recently launched the public Linea Testnet and saw overwhelmingly positive feedback from community members, users, and builders. To date, Linea has processed >11M transactions, many of which are helping us stress-test the network. In addition, the Linea team is closely aligned with developers in the ecosystem. As such, we aim to serve developers, protocols, and builders. We see Balancer as a critical piece of DeFi infrastructure to enable innovation.
Balancer is more than a unique AMM; it’s a versatile and adaptive protocol offering innovative features such as multi-asset pools, custom weight allocation, boosted pools, and the x-chain gauges enabled with L0. These features facilitate a wide array of DeFi strategies while providing significant advantages for growing ecosystems and the start-ups building in them.
MetaMask swaps is also leveraging Balancer among the meta aggregator providers, so this deployment is key for Linea to ensure MetaMask swaps can work on Linea on mainnet from day 0 with a low switching cost.
This proposal asks the Balancer community to support deployment on the Linea testnet & Linea mainnet. Balancer’s unique capabilities, paired with Linea’s advanced zkEVM technology, would be a leap forward in strengthening and diversifying the DeFi ecosystem on Linea.
This proposal to deploy Balancer on Linea is about more than just bringing a protocol to Linea. It’s about enabling innovation and opportunities for builders.
We have had significant interest from Linea builders, partners, and the MetaMask team to have a deployment of Balancer. These builders look forward to leveraging x-chain boosts, multiasset pools, and building protocols on top of balancer as infrastructure.
Moreso, although Consensys will not always be the only support for linea development, we have a team of engineers to assist with onboarding and the innovation of new features enabled through Zks or account abstraction.
We look forward to featuring the protocol on Linea’s portal and supporting the success of the protocol on Linea.
Linea handles native EVM bytecode for proving and verification to allow the execution of Solidity smart contracts and enable developers to build on a zk-rollup while using familiar tools and infrastructure. The ConsenSys zkEVM aims to be a Type 2 zkEVM and achieve EVM-equivalence with the Ethereum VM specification specified in the yellow paper.
Linea does not use transpilers or custom compilers to generate the zkProofs. Taking the compiled bytecode directly from solidity significantly reduces deployment costs and surface area risk for bugs and hacks.
Please see more details here:
We encourage thoughtful community discussion and will facilitate that. If this proposal passes, we will work closely with contributors on a timeline that aligns with Balancer contributors and Linea mainnet deployment.
In light of this proposal, we are eager to strengthen our alliance with Balancer through this deployment. By deploying Balancer on Linea, we aim to enable a seamless user experience and growth in our communities!