What Is Linear (LINA)?

Linear Finance is a decentralized and cross-chain compatible protocol. The whitepaper states that the platform acts as a reliable gateway with the acceptance of cryptocurrency and the association of centralized finance (Cefi) and decentralized finance (Defi). 

Linear Finance is aimed at creating, trading, and managing synthetic assets, a combination of derivative assets and cryptocurrencies. The long-term goal of the Linear platform is to enhance inclusiveness and access to tradable assets, either traditional or digital assets. Linear Finance seeks to offer a platform to all its users to acquire exposure to a broad array of assets without involving any settlement time and slippage. In simpler words, the primary aim of the Linear platform is to offer a user experience with scalability and better speed with the help of the protocol’s cross-chain abilities. 

The platform enables its users to trade liquid assets cost-effectively with cross-chain compatibility. The customized swap feature of the platform helps save gas fees and enables the compatibility of the platform’s native token across various blockchains. Also, Linear. Exchange of the platform allows trading of various liquid assets grounded on spot cryptocurrencies, thematic indexes, and commodities with immediate finality and confirmation time. The availability of the Linear pool is the essential part of the platform as it serves as a “decentralized counterparty” to every liquid exchange, thereby producing infinite liquidity for the users. 

The platform is supported by a LINA token built on the Ethereum blockchain that complies with ERC-20 standards. LINA is a governance token that allows token holders of the platform to vote on distribution models, pledge ration, assets required to be listed, and more. The token adopts an inflationary model to improve staking incentives. The staking of LINA tokens is considered the backbone of Linear’s platform. 

History of Linear (LINA)

The founder of Linear Finance is Kevin Tai. Another mastermind behind the platform is Drey Ng, tech and product lead of Linear Finance. 

The maximum total supply of LINA tokens is ten billion.