Linear Finance (“Linear”) is a non-custodial, cross-chain compatible, delta-one asset protocol with a long-term DeFi vision to increase inclusiveness and democratize access to investment assets (digital and traditional).
It combines substantial technical experience from numerous crypto projects with extensive financial experience in exotic and structured assets from traditional global asset management firms to bring to market one of the first DeFi projects built upon Ethereum with cross-chain compatibility.
Linear Finance allows users to build and manage spot or portfolio exposures with a slew of innovative digital and traditional financial products. It is backed by the Ethereum-based Linear Token (LINA) with synthetic assets built on other EVM-compatible chains.
It allows for staking, and investing, and makes the redemption process easier, quicker, and with substantially lower transaction fees whilst maintaining access to the Ethereum DeFi ecosystem.
Linear.Exchange seamlessly solves the issue with the debt pool concept and unlimited liquidity. Any Liquids settlement timeframe can be lowered into seconds with the help of blockchain technology (as compared to T+2 in traditional securities). Linear is now working with selected public blockchains with EVM compatibility to further lower the settlement timeframe with block times as low as a few seconds and instant finality.
In this case, users can combine the best of both worlds: the most sought-after tooling and infrastructure of Ethereum and the high TPS of other public blockchains. In addition, when creating Liquids, as it will be on the other blockchains, the transaction fees will be minimal, compared to the high gas fees of Ethereum. The front-running problem of some existing platforms can also be very much alleviated as the oracle will be able to refresh prices in a much higher frequency at much lower fees.
One of the goals of Linear.Exchange is to not only reduce the hassle and risk involved in cross-asset investment but to also expand the breadth of investable assets. Upon launch, Linear.Exchange will support not only cryptocurrency but also traditional assets such as commodities, forex, market indices, thematic exposures, and ultimately equities.
In addition, there will be an internal group that focuses on building thematic exposures within the crypto world and traditional equities depending upon the wishes and asks of our users and approved by the governance base. What’s more, Linear will be building the exchange functionalities that will allow users to effectively manage their exposure and additional asset management functionalities such as portfolio management and analytics.
Who are the founders of Linear Finance (LINA)?
The founder of Linear Finance is Kevin Tai. Another mastermind behind the platform is Drey Ng, tech and product lead of Linear Finance.
What is Linear Finance (LINA) used for?
Users who have provided collateralized assets to the debt pool can “build” Linear USD (ℓUSD) which can then be used to purchase synthetic assets (Liquids) on the exchange. The collateralized assets are subsequently pooled to enable instantaneous liquidity and serve as a counterparty.
LINA will also be a governance token enabling holders to vote on distribution models, assets to be listed, oracle selection, pledge ratio, etc.
Rewards and fees
LINA holders within the debt pool will obtain pro-rata fees from the building of Liquids.
The LINA token adopts an inflationary model to enhance staking incentives and will have liquidity mining programs to encourage the usage of the exchange and stability of the pool.
LINA tokens are the base collateral to create Liquids using Buildr, which is a decentralized application for collateral pool and Liquids management. The creation of Liquids will require a pledge ratio that is over 100%, i.e. over-pledged.
To trade on Linear.Exchange, users trade directly with Linear’s smart contracts backed by a debt pool with the price provided by oracle providers to supply price feed of underlying assets.
How is Linear Finance (LINA) unique?
Linear is a non-custodial cross-chain compatible DeFi protocol with unlimited liquidity and serves in the creation of synthetic assets (Liquids) with zero slippage. The backbone of Linear’s protocol is the collateralized debt pool, backed by the Linear token (LINA), and eventually other digital and real-world assets.
Linear’s asset systemization will focus on cryptocurrencies, commodities, and, more importantly, traditional assets such as market indices and thematic theme exposures. The long-term vision of Linear is to provide a platform for any user to gain exposure to a wide range of assets without slippage and settlement time.
Furthermore, Linear Finance will act as a reliable gateway with the adoption of cryptocurrency users seen in 2020 and the collaboration of Decentralized Finance (DeFi) and Centralized Finance (CeFi). Applications can be developed on top of Linear for CeFi / DeFi composability.
Compared to other competitors which are testing to accept cryptocurrency such as Ether (ETH) as collateral, Linear protocol will take a hybrid approach instead. As such, Buildr will accept a mixture of LINA tokens and other digital assets as collateral. There will be a threshold on the size of non-LINA tokens to be accepted to stabilize the LINA token economy. The threshold is subject to community adjustment with the inception of the LinearDAO.
To effectively solve the high transaction fee and oracle frontrunning problem of existing DeFis on Ethereum, Linear is adopting a cross-chain approach by supporting both the Ethereum and EVM compatible blockchains. From a user’s perspective, he would only need to initialize both an Ethereum-based wallet and the EVM-compatible wallet. Operation-wise it would be the same as handling the wallets separately, while Linear will help to peg the two wallets and record the pegging on smart contracts.
How many Linear Finance (LINA) coins are in circulation?
The total supply of LINA is currently 10 billion tokens. Linear utilizes an inflationary system with a decreasing rate until a terminal floor is reached.
How is the Linear Finance network secured?
Linear leverages one of the largest proof-of-work (POW) mining networks to secure its tokens since it’s an ERC-20 token built on the Ethereum Network.
How do I buy Linear Finance (LINA)?
The LINA token can be used for a wide range of uses like staking and governance.
LINA tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy LINA through your trading account.
Which Cryptocurrency Wallet Supports Linear Finance (LINA)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Linear Finance (LINA). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their LINA wallet because it offers a simple interactive interface, making it easy for people to navigate.