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About Linear Finance
Key Points
- Linear is a decentralized delta-one asset protocol that creates synthetic assets with unlimited liquidity.
- LINA is an ERC-20 token built on the Ethereum network, used as collateral for Liquids and for community governance.
- Founders: Drey Ng and Kevin Tai, with a small team of less than a dozen individuals.
- Unique features: cross-chain capabilities, dynamic price feeds, and a proposed liquidation mechanism.
- Total supply of LINA: 10 billion tokens, with an inflationary system and decreasing rate.
- Token distribution: 40% for staking rewards, 15% for Linear Finance reserve, 10% for ecosystem, 10%
About Linear Finance: Empowering the Future of Decentralized Finance
Introducing Linear (LINA): A Comprehensive Overview
Linear is a decentralized delta-one asset protocol that empowers the instantaneous creation of synthetic assets, boasting unlimited liquidity. By doing so, the project bridges the gap between traditional assets, including commodities, forex, market indices, and thematic sectors, and the cryptocurrency realm, thereby facilitating the creation of “Liquids” — Linear’s innovative synthetic asset tokens.
The protocol comprises a suite of innovative products, including Linear.Buildr, a decentralized application (DApp) designed to facilitate the management of Liquids, leveraging Linear (LINA) and other tokens as collateral. The exchange is purpose-built to enable the seamless trading of a diverse range of Liquids, characterized by rapid confirmation times and robust security features.
LINA is an ERC-20 token, built on the Ethereum network, serving a dual purpose: as collateral for Liquids via Buildr, and as a governance tool for the protocol’s community. By holding LINA tokens, individuals gain access to the Linear DAO, empowering them to cast votes on various initiatives and proposals, thereby influencing the evolution of the Linear ecosystem.
At its core, Linear’s primary objective is to deliver an exceptional user experience, characterized by enhanced scalability and accelerated performance, courtesy of the protocol’s innovative cross-chain capabilities. By doing so, Linear Finance aims to provide a seamless solution for users seeking exposure to traditional assets, while simultaneously harnessing the unique benefits afforded by blockchain technology.
The Visionaries Behind Linear: Meet the Founders
Linear Finance was co-founded by visionary entrepreneurs Drey Ng and Kevin Tai, who have assembled a lean and agile team of fewer than a dozen talented individuals, as disclosed on the official Linear Finance LinkedIn page.
Drey Ng, co-founder and current Chief Product Officer of Liquefy, has pioneered a platform that democratizes access to tokenized securities by significantly reducing barriers to entry. Additionally, he serves as a blockchain instructor in Hong Kong, leveraging his extensive experience in the fintech industry, which spans several years.
Kevin Tai, a seasoned finance expert, formerly held the esteemed position of Vice President at Credit Suisse in Hong Kong, a prestigious global wealth management and investment banking institution. A Harvard Business School alumnus, he boasts an impressive track record of over a decade of experience in the economic sector.
Unveiling the Unparalleled Attributes of Linear
Notwithstanding its foundation on the Ethereum network, the Linear Finance protocol empowers users to seamlessly interact with other supported blockchain ecosystems, facilitating the effortless transfer of assets across chains. Furthermore, Linear extends its capabilities beyond digital assets, granting customers access to traditional assets such as forex and commodities via dynamic price feeds. These feeds effectively mitigate the systemic front-running issue that has long plagued many decentralized exchange (DEX) protocols.
LINA tokens function as the primary collateral for minting Liquids, although customers are also permitted to utilize alternative digital assets, such as ETH and wBTC, to cover up to 20% of the base collateral. The Linear Exchange facilitates unlimited liquidity for Liquids, while significantly reducing the settlement timeframe to as little as one second per block, thereby rendering it an ideal platform for high-frequency traders and those operating algorithmic trading software.
In the near future, Linear Finance users will have access to a diverse range of synthetic traditional assets, with the ultimate goal of incorporating equities. The innovative cross-chain approach enables Linear to significantly reduce fees while effectively mitigating the oracle frontrunning issue that can arise with certain existing protocols on the Ethereum network.
One of Linear Finance’s most distinctive attributes is its innovative liquidation mechanism, which will be determined through a community-driven governance model. By exercising their voting rights, LINA holders will have a say in crucial decisions, including the setting of transaction fees and the allocation of resources to the insurance fund, thereby shaping the platform’s future trajectory.
What Is the Circulating Supply of Linear (LINA) Coins?
The total supply of LINA is capped at 10 billion tokens. Linear employs an inflationary system, wherein the rate of inflation decreases incrementally until it reaches a terminal floor. Initially, the inflation rate is set at 75%, but this figure diminishes by 1.5% weekly, subject to potential adjustments should a consensus be reached by the LinearDAO.
Linear Finance has successfully secured a substantial investment of $1.8 million from esteemed seed investors, including Alameda Research, NGC Ventures, and Hashed. Furthermore, the project conducted a limited initial coin offering (ICO) in September 2020, generating a total of $310,000 by selling LINA tokens at $0.005, with a personal cap of $500 per participant.
Of the total supply, a substantial 40% is earmarked for staking rewards, with a further 15% allocated to the Linear Finance reserve, and 10% dedicated to nurturing the ecosystem. Meanwhile, the team has been allocated 10%, while advisors have been assigned 5% — with both team and advisor tokens being subject to a predetermined vesting schedule.
According to preliminary estimates by the Linear team, approximately 40% of the total LINA supply is anticipated to be in circulation roughly 40 months following the genesis event, although this figure may be revised downward in the event of potential token burns.
The Security Architecture of the Linear Finance Network
As an ERC-20 token built on the Ethereum Network, Linear harnesses the robust security of one of the largest proof-of-work (POW) mining networks, ensuring the integrity of its tokens.
Furthermore, the LinearDAO was established to empower LINA holders with the authority to vote on proposals that align with the desired trajectory of the Linear Finance ecosystem, as envisioned by its users. Notably, the Linear Finance delta.one asset protocol operates in a trustless manner, leveraging Ethereum smart contracts, which can be seamlessly updated as needed.
Acquiring Linear Finance (LINA): A Comprehensive Guide to Exchanges and Marketplaces
LINA is proudly listed on esteemed centralized exchanges, including BitMax and MXC, as well as the prominent decentralized exchange, Uniswap. As of November 2020, the token can be seamlessly traded against Ethereum (ETH) and Tether (USDT), or paired with wrapped Bitcoin (wBTC) on Uniswap.
For those seeking to acquire LINA or other digital currencies using a credit or debit card, our straightforward guide provides a seamless entry point.
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