#LinearFinance is a groundbreaking project that aims to revolutionize the world of decentralized finance (#DeFi ). Its aim is to democratize access to digital and traditional investment assets. #LINA
Linear Finance provides customers with an interoperable, cross-chain compatible, delta asset protocol, allowing them to secure assets at fair market value and save costs. #BinanceTournament
Linear Finance, an #Ethereum-based DeFi project, supports innovation by providing cross-chain compatibility. Highlights of the project include the creation, trading and management of synthetic assets called "Liquids".
The Linear Finance ecosystem consists of different decentralized applications (dApps) through which users can interact with various tokens.
These dApps are:
Linear Buildr.
Linear Exchange.
Linear Swap.
Linear Vault.
Linear Buildr:
It is a dApp designed for collateral pool and Liquids management. Users can create Liquids using LINA tokens as base collateral. In the future, Buildr will be adjusted to be able to accept mixed collateral into LINA tokens and other digital assets, making the LINA token economy stable. Liquids must be overcollateralized, where the value of the collateral must be greater than the value of the Liquids. By staking LINA, users can create lUSD, the stablecoin of the protocol, and use this lUSD on Linear Exchange. #BitcoinPizza
Linear Exchange:
It is a dApp aimed at fast financial transactions. Thanks to blockchain technology, Liquids exchanges occur within seconds, eliminating the need for long settlement processes in traditional financial transactions. #
Once users acquire lUSD, they can purchase Liquid versions of various assets (such as cryptocurrencies, commodities, and indices) on Linear Exchange with unlimited liquidity and zero slippage. Unlike centralized exchanges, Linear Exchange allows users to trade directly with Linear's smart contracts.
Linear Finance creates Liquids on other blockchains, providing faster transaction speed and lower transaction costs. Additionally, the oracle used to update price feeds minimizes the risk of pre-tracking.
Linear Swap:
It is a dApp that offers cross-chain exchange functionality. Although built on Ethereum, Linear Swap integrates with Binance Smart Chain and has plans to integrate with Polkadot. Users can save on gas fees while converting Linear's tokens such as LINA, lUSD or Liquids between different blockchains.
Linear Vault:
It is a yield generation dApp that offers users the opportunity to earn passive income. Users earn interest in lUSD, BUSD and LINA by staking lUSD or LP tokens. Staking rewards come from Linear Exchange's transaction fees and LINA token inflation. Rewards are distributed weekly on a pro-rata basis, provided that the user's collateral remains above a certain threshold.
Who are the Founders?
The founders of Linear Finance are Kevin Tai and Drey Ng. Kevin Tai is a CEO with significant experience for the project and has contributed to large transactions in the traditional financial sector. Drey Ng serves as CTO and has extensive experience in trade finance. Linear Finance team consists of well-known names in this field.
Summary:
Linear Finance is a groundbreaking project in the DeFi space with the aim of democratizing access to investment assets and supporting a wide range of participants and users.
It offers users the ability to create, trade and manage Liquids with zero slippage through protocols and applications.
The use of LINA aims to transform the world of decentralized finance and enable greater user integration into the global financial system, while increasing the functionality of the ecosystem.
This article is for informational purposes only and is not a recommendation for personal investment decisions.
