Linear Finance is a decentralized, transparent platform for managing and exchanging synthetic assets. Using a delta-one asset protocol, it gives users access to a variety of assets without requiring them to own the underlying asset.
The Linear Finance platform uses synthetic assets, also known as "Liquids," to facilitate transactions without the risk of slippage. Through its democratized features, it gives users access to both traditional and digital assets, such as thematic indices, spot cryptocurrencies, and commodities. Linear Finance is different from other DeFi platforms because it works with multiple chains, doesn't hold assets, and uses a delta-one asset protocol. Its functionality is carried out by the applications Linear Vault, Linear Swap, Linear Exchange, and Linear Buildr.
Linear Finance was started by Drey Ng and Kevin Tai with a small team of less than a dozen people, according to the official Linear Finance website.
Drey has a Master's degree in Computer Science from the University of Hong Kong. He is also the product director for Liquefy, a company that uses digitization and blockchain technology to help businesses become more innovative.
Kevin has a Master of Business Administration degree from Harvard Business School in Corporate Finance and Real Estate. He previously worked at Credit Suisse as the Vice President of Structured Products.
Decentralized finance provides strategic benefits. However, numerous DeFi platforms have high gas fees, front-running problems, and liquidity issues. Linear Finance was made as a platform for exchanging synthetic assets to solve these problems.
The primary objective of Linear is to deliver a superior user experience by improving scalability and increasing speed, all of which are made possible by the cross-chain capabilities of the protocol. Linear Finance wants to offer a simple solution for people who want to invest in traditional assets but also take advantage of the features that blockchain technology makes possible.
Linear Buildr - Through this dApp, LINA tokens are utilized as collateral to support the pooling of assets and the generation of Liquids. Linear Buildr supports LINA staking, which helps build ℓUSD tokens. Once generated, ℓUSD tokens can be used on the Linear Exchange for transactions.
Linear Exchange - The goal of the Linear Exchange is to make financial transactions go more quickly. In fact, financial processes that would normally take days to complete can be completed in seconds using the Linear Exchange.
Linear Swap - Linear Swap supports cross-chain swapping and also makes it easier for other DeFi platforms to connect and work together. It permits the exchange of Liquids, ℓUSD, and LINA in particular.
Linear Vault - When ℓUSD/BUSD LP tokens are staked, they are kept in the Linear Vault. Users are rewarded with yield gains for staking their tokens and adding to the pool of assets.
LINA tokens can be used for the following purposes: Governance: LINA token holders will have the ability to vote on protocol issues such as synthetic asset listings, fee revenue splits, collateral ratio, and other Linear improvement proposals. Staking: LINA token holders can stake and collateralize their LINA tokens on the protocol and mint ℓUSD. Users who mint ℓUSD will also be eligible for staking rewards and a share of the trading fees made on Linear Exchange. ℓUSD can be used to buy digital assets on Linear Exchange or in other DeFi protocols.
| DATE | NEWS/EVENTS | IMPACT |
| 07/05/2022 | TerraUSD and LUNA both collapsed and as a result, a number of crypto platforms folded in the aftermath | -56% Decrease |
| 18/03/2021 | Linear Finance booms after Binance lists LINA on its platform | +100% Increase |
Linear makes investment assets more accessible by giving investors an easy-to-use platform for building and managing a portfolio of exposures to both traditional and digital products while saving on fees. This is accomplished through the project's synthetic assets, Liquids, which can be created, traded and used for yield generation via Linear's diverse dApps. LINA, the protocol's utility token, is critical for governance and Liquid collateralization. The planned integration with Polkadot, as well as any other potential future integrations, could contribute to the platform's expansion, thereby increasing the worth of the project and its token.
Linear