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Lynex (veLYNX)

Lynex is Linea's ve(3,3) DEX combining concentrated liquidity with automated liquidity management. veLYNX holders govern emissions and earn fees, bribes, and rebases.

What is veLYNX?​

Lock LYNX tokens to receive a veLYNX NFT representing your locked position. This grants:

  • Voting power to direct LYNX emissions to liquidity pools
  • Trading fees from the pools you vote for
  • 100% of bribes from protocols competing for your votes
  • Anti-dilution rebase to maintain your voting share over time

Lock periods range from 1 week to 2 years. Voting power decays linearly toward the lock end date.

What Makes Lynex Different​

  • Concentrated liquidity + ALM: Combines ve(3,3) with concentrated liquidity and Automated Liquidity Management for capital-efficient positions
  • Linea's primary DEX: Primary liquidity layer on Consensys-backed Linea L2
  • zkLynex privacy features: Privacy-enhanced trading features leveraging Linea's zk-rollup infrastructure
  • Strong discount opportunities: veLYNX regularly trades at 30–50% discounts on veX

Discounts and Fees​

Discounts change with Lynex's token price, market demand, and lock duration; live average and best discounts are on the veX analytics page. veX charges 1% on Lynex sales, paid by the seller only.

Things to Know​

Linea ecosystem is growing. As Linea matures and TVL grows, veLYNX voting power becomes more valuable. Early positioning may benefit from ecosystem expansion.

Rebases transfer with the NFT. Unclaimed rebases come with the position when purchased. Factor this into your valuation.

Active management required. Weekly voting maximizes returns from fees and bribes. Missing epochs means missing rewards.

Bridge considerations. Buying veLYNX on veX requires assets on the relevant chain. Ensure you have the right chain setup before purchasing.

Delist Before Merging

If you merge a listed veLYNX with another position, the listing stays active at the original price but now includes the combined amount. Always delist first, then merge, then relist.

How do I sell a locked veLYNX position?​

You can sell a locked veLYNX position on veX without waiting for the lock to expire. The buyer takes over the locked LYNX and the remaining lock time.

Connect the wallet holding the veLYNX and open your veX dashboard. The position appears under Positions, where you can list it. Set a price, or set a discount to the locked value and let veX work out the price. You approve the NFT once, then confirm the listing.

That approval only lets the marketplace move the NFT when someone buys it. veX is non-custodial, so the position stays in your wallet, keeps earning and voting, and you can delist whenever you want. veX charges 1% on Lynex sales, paid by the seller.

What is a locked veLYNX position worth?​

A veLYNX position usually sells for less than the LYNX locked inside it, because the buyer is taking on the rest of the lock. The seller chooses that discount.

Live Lynex discounts are on the veX analytics page.

Contracts​

  • veLYNX contract: 0x8d95f56b0bac46e8ac1d3a3f12fb1e5bc39b4c0c
  • LYNX contract: 0x1a51b19ce03dbe0cb44c1528e34a7edd7771e9af

These render from the live veX registry:

Browse Lynex listings on veX