Lido Staked Ether price

Status L2 – The Gasless Blockchain Imagine this: you're making a $5 DeFi transaction and end up paying $20 in gas fees. Or a simple bridge transaction costs you $30. That's been the biggest roadblock for crypto adoption since day one. Enter @StatusL2 - a Layer 2 where users pay zero gas fees. What is StatusL2? An Ethereum Layer 2 built on the Linea zkEVM rollup. Its core mission: • Build a blockchain where the concept of gas fees doesn't exist. • Users pay nothing for transactions. How Does the Gasless Model Work? ▫️Traditional blockchains: • Every transaction requires ETH or token gas fees. • This creates friction; new users quickly lose interest. ▫️Status Network's model: • When you bridge ETH or stablecoins, they're converted into yield-bearing tokens (like stETH, sDAI). • The yield from these tokens funds the network. • That yield covers all transaction costs. Users = free; Network = self-sustaining. Economics of Status The network earns revenue from: • Yield on bridged assets. • SNT staking rewards. • Premium services for power users. • Usage fees from developers. And the best part: 100% of profits go back to the community. No corporate or VC cut. Governance: The Karma System In a normal DAO, the bigger your wallet, the bigger your vote. But Status is different; it uses a Karma token system. You earn Karma by: • Contributing code. • Staking SNT. • Actively using apps. • Helping grow the community. Governance here is participation-based, not wealth-based. Technical Infrastructure • Built on Linea zkEVM rollup: fast + secure. • Inherits Ethereum L1 security: as safe as Ethereum. • Designed for high throughput: perfect for gaming, social apps, and DeFi. Use Cases Social Apps: Imagine a Twitter-like app where likes, posts, and comments are all free transactions. Gaming: Blockchain games with fee-free microtransactions. DeFi: Trade, swap, invest, no gas fee anxiety. Everyday Apps: Normal people can use Web3 without technical barriers. Roadmap • Testnet v1: already live (July 2025). • Testnet v2: coming Oct 2025, spam protection + better yield system. • Mainnet: targeted for Q1 2026. TL;DR: Status L2 is a blockchain where: • Users: enjoy a gas-free experience. • Network: sustains itself through yield & app activity. • Governance: is fair (via Karma system). • Profits: return fully to the community. This model could be a real game changer for crypto adoption. Where people today quit DeFi or social apps because of high fees, Status makes adoption easy and mass-friendly. CC: @0xcyp @0xnadeem FFS.