Linear

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Discover Linear's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Linear?

Linear Finance (LINA) is a decentralized finance (DeFi) platform that offers a seamless trading experience and access to various financial tools. It allows users to create synthetic assets called "Liquids" using LINA tokens as collateral, providing exposure to traditional assets like commodities, forex, and market indices. The platform is built on Ethereum and is cross-chain compatible, ensuring lower transaction costs and higher throughput. LINA is the utility token used for staking, governance, and creating Liquids, and its value is derived from its utility and governance functions.

How is Linear used?

Linear (LINA) is the native token of the Linear Finance ecosystem, serving multiple purposes within the protocol. Here are the primary uses of LINA:

  1. Collateral: LINA is used as collateral to mint ℓUSD, the protocol's stablecoin, and to create synthetic assets known as "Liquids" through the Buildr platform. This collateral is pledged to secure the system and protect against volatility.

  2. Governance: LINA token holders have the right to participate in the Linear DAO, which oversees the governance of the protocol. They can vote on proposals, modify the protocol, and regulate transaction fees and inflation rewards.

  3. Staking: Users can stake LINA tokens to validate transactions, secure the blockchain, and earn rewards. Staking also provides users with a say in the governance of the protocol.

  1. Payments: LINA can be used as a means of exchange within the Linear ecosystem, facilitating transactions and trading activities.

  2. Yield Farming: LINA stakers can earn additional rewards through yield farming, which helps maintain the debt pool and supports the overall platform.

These diverse use cases make LINA a crucial component of the Linear Finance ecosystem, enabling users to engage in various activities and benefit from the protocol's features.

How do I store Linear?

To store Linear (LINA) tokens, you can use various methods and platforms. Here are some options:

  1. Trust Wallet: You can add Linear Finance to Trust Wallet, which offers a secure way to store, manage, and trade your LINA tokens.

  2. Guarda Wallet: Guarda provides a multi-currency wallet where you can create a Linear Finance wallet to store, send, receive, and manage your LINA tokens.

  3. KuCoin Account: You can store Linear tokens in your KuCoin account, which allows you to hold, trade, and earn with your LINA tokens.

  1. Binance Account: After buying Linear Finance on Binance, you can store it in your Binance account or transfer it to a personal crypto wallet.

  2. Non-Custodial Wallets: You can also store Linear tokens in non-custodial wallets, which provide more control over your assets.

These options offer secure and convenient ways to manage your Linear tokens.

How to buy Linear?

To buy Linear (LINA) tokens, follow these steps:

  1. Open an Account:

    • Sign up on a cryptocurrency exchange like MEXC, Bit2Me, or Kriptomat.
    • Verify your account by providing identification and other necessary details.
  2. Add Funds:

    • Deposit funds into your account using methods like credit cards, bank transfers, or other supported payment options.
  3. Buy LINA:

  • On MEXC, click on the "Buy Crypto" link and select Linear Finance (LINA) from the available options. You can also buy a stablecoin like USDT first and then use it to purchase LINA.
  • On Bit2Me, buy Ethereum (ETH) first and then transfer it to a MetaMask wallet. From there, you can exchange ETH for LINA on a decentralized exchange (DEX) like PancakeSwap.
  • On Kriptomat, select "Buy" and choose Linear from the list of cryptocurrencies. Enter the amount and confirm your purchase.
  1. Store or Trade:
    • Once you have purchased LINA, you can store it in your exchange wallet or transfer it to a personal wallet for safekeeping.
    • You can also trade LINA for other cryptocurrencies or use it for staking and other activities on platforms like Linear Finance.
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History of Linear

Linear Finance (LINA) was founded in 2020 by Kevin Tai and Drey Ng. The project raised over $1.8 million in seed funding in September 2020. The founders, who have extensive experience in the fintech industry and investment banking, aimed to create a non-custodial, cross-chain compatible, delta-one asset protocol that democratizes access to digital and traditional investment assets.

The project's native token, LINA, is an ERC-20 token built on the Ethereum network. It serves multiple purposes, including collateral for minting synthetic assets, governance, and rewards. LINA holders have the right to vote on proposals and participate in the Linear DAO, which oversees the protocol's ecosystem and ensures its stability.

Linear Finance has developed several products, including Linear Buildr, Linear Exchange, Linear Swap, and Linear Vault. These applications enable users to create, trade, and manage synthetic assets with zero slippage and unlimited liquidity. The protocol's focus on cross-chain compatibility allows users to access assets on different blockchain ecosystems.

In January 2021, Linear Buildr v2.0 was released, which runs on Binance Smart Chain (BSC) and introduced the Swap functionality, enabling users to swap assets between Ethereum and BSC. This move helped bypass high transaction fees on the Ethereum network.

Today, Linear Finance continues to evolve, with a total supply of 10 billion LINA tokens and a circulating supply of 5.34 billion. The project's governance structure, including the Linear Council and the Linear DAO, ensures that decisions are made in the best interest of the protocol and its users.

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How Linear works

Linear Finance (LINA) is a decentralized platform that allows users to create and trade synthetic assets called Liquids. These Liquids represent various investment products such as cryptocurrencies, stocks, commodities, and indexes. The platform operates on the Ethereum blockchain and utilizes smart contracts to ensure secure and transparent transactions.

Key Components
  1. Liquids: Synthetic assets that mimic the value of traditional assets, enabling users to access a wide range of investments without physical ownership.

  2. LINA Token: The native token of Linear Finance, used for governance, staking, and as collateral to mint Liquids. It also serves as a reward for users contributing to the ecosystem.

  3. Linear Buildr: A decentralized application for staking and building ℓUSD, which is a stablecoin used to purchase synthetic assets on the Linear Exchange. It accepts a mixture of LINA tokens and other major cryptocurrencies.

  1. Linear Exchange: A non-custodial asset trading platform where users can trade Liquids using ℓUSD.

  2. Collateralized Debt Pool: A pool of collateralized assets that supports the creation of Liquids. Users can provide collateralized assets to the debt pool and then mint ℓUSD, which can be used to purchase synthetic assets.

  3. Governance: Linear Finance has a decentralized governance structure, known as the Linear DAO, which consists of the Linear Council and the Linear Community. The Linear Council is a governing body composed of seven community members elected by LINA holders for a fixed term. They are responsible for reviewing, approving, and executing proposals submitted by the community.

How It Works
  1. Minting Liquids: Users can mint Liquids by pledging LINA tokens as collateral. The current pledge requirement is 500%, which ensures the stability of the system.

  2. Trading on Linear Exchange: Users can trade Liquids on the Linear Exchange using ℓUSD. The exchange fee is 0.25%, which is redistributed weekly to LINA stakers on a pro-rata basis.

  3. Staking and Rewards: Users can stake LINA tokens to earn rewards, including exchange fees and inflationary rewards. The inflation rate decreases on a weekly basis.

  1. Yield Farming: Yield farmers help maintain Linear’s debt pool and can receive token bonuses for their contributions.
Cross-Chain Compatibility

Linear Finance is designed to operate on different blockchains, enhancing its appeal across various blockchain ecosystems. This cross-chain compatibility allows users to access a broader range of assets and enables the platform to expand its utility.

Security and Stability

The platform ensures stability through overcollateralization, which means that the value of the collateral provided is higher than the value of the Liquids being minted. This prevents volatility and ensures the system remains secure.

Future Potential

Linear Finance has the potential to democratize financial markets and make investment opportunities more accessible to a wider group of people. Its cross-chain compatibility and decentralized governance structure make it a unique and promising platform in the cryptocurrency space.

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Linear's strengths

The token Linear (LINA) has several strengths that contribute to its value and utility:

  1. Governance and Staking: LINA is used for governance, allowing holders to vote on important proposals and decisions within the Linear ecosystem. Additionally, staking LINA tokens provides rewards in the form of transaction fees and inflationary rewards, incentivizing users to participate in the network.

  2. Collateral for Synthetic Assets: LINA is used as collateral to mint Liquids, which are synthetic assets that can represent various traditional and digital assets. This allows users to access a broad range of assets without slippage and settlement time issues.

  3. Cross-Chain Compatibility: Linear Finance is one of the first DeFi projects built on Ethereum to be cross-chain compatible, providing lower transaction costs and higher throughput compared to most Ethereum-based exchanges.

  1. Inflationary Model: The token has an inflationary model with a decreasing rate, which encourages active participation and incentivizes users to contribute to the ecosystem. This model is designed to stabilize the total LINA supply in circulation over time.

  2. Diverse Use Cases: LINA is used in various applications within the Linear ecosystem, including the Buildr, Exchange, Swap, and Vault dApps. This diversity of use cases enhances the token's utility and value.

  3. Strong Team and Governance: The project is led by experienced co-founders with backgrounds in fintech and investment banking. The Linear DAO, comprising the Linear Council and community, ensures that proposals are reviewed and executed in a decentralized manner, maintaining the integrity of the protocol.

These strengths collectively contribute to the value and functionality of the Linear (LINA) token, making it a valuable asset in the DeFi space.

Linear's risks

Linear Finance (LINA) faces several financial risks that investors should be aware of. These risks include:

  1. Regulatory Uncertainty: The regulatory environment for digital assets is still evolving and unclear in many jurisdictions. Regulatory actions or changes to laws and regulations could negatively impact LINA and Linear Finance, potentially leading to a loss of value or liquidity.

  2. Market Volatility: The cryptocurrency market is known for its high volatility, and LINA is no exception. Market fluctuations can result in significant changes in the token's value, making it a high-risk investment.

  3. Security Risks: Linear Finance is vulnerable to various security threats, including attacks on its infrastructure, consensus-based attacks, Sybil attacks, smurfing, and spoofing. These attacks could compromise the integrity of the blockchain and negatively affect LINA.

  1. Development Risks: The development of Linear Finance may not proceed as planned, which could impact the token's value and the overall success of the project. This includes the risk of unforeseen technical challenges or the inability to execute the project's vision effectively.

  2. Liquidity Risks: There is a risk that LINA may have limited liquidity, making it difficult for investors to buy or sell the token quickly and at a fair price. This could lead to significant losses if investors are unable to exit their positions in a timely manner.

  3. Governance Risks: The governance model of Linear Finance, which relies on a decentralized autonomous organization (DAO), may not function as intended. This could lead to poor decision-making, conflicts of interest, or other issues that negatively impact the project and its token.

  1. Competition Risks: The DeFi space is highly competitive, and Linear Finance faces competition from other projects offering similar services. If Linear Finance fails to differentiate itself or provide a compelling value proposition, it may struggle to attract users and maintain its market share.

  2. Inflation Risks: LINA has an initial inflation rate of 60%, which will decrease over time. However, high inflation rates can lead to a decrease in the token's value if not managed properly.

  3. Dependence on Ethereum: Linear Finance is built on the Ethereum network, which means it is exposed to the risks associated with Ethereum, including high gas fees, network congestion, and potential security vulnerabilities.

  1. Team and Management Risks: The success of Linear Finance is heavily dependent on the skills and experience of its management team. If the team fails to execute the project's vision or make poor decisions, it could negatively impact the token's value and the overall success of the project.

It is essential for investors to carefully evaluate these risks and conduct thorough due diligence before investing in Linear Finance (LINA).

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Did Linear raise funds?

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Linear’s team

  • Drey Ng: Co-founder of Linear Finance, with extensive experience in the fintech industry and investment banking.
  • Kevin Tai: Co-founder of Linear Finance, with extensive experience in the fintech industry and investment banking.
  • Jonathan Lei: Lead Blockchain Developer at Linear Finance, with experience in blockchain engineering and creating dApps.

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