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
- 100% of trading fees from 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 leading 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
Typical Discounts
| Lock Remaining | Typical Discount |
|---|---|
| Under 3 months | 25–35% |
| 3–12 months | 35–45% |
| 1–2 years | 40–50% |
Discounts shift with LYNX price and Linea ecosystem growth. Check current listings for real-time pricing.
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.
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.