Linear Finance LINA Token Listing Will be listed on Biconomy Exchange with LINA/USDT pair on September 13th 2024 at 12:00 UTC.
Linear Finance is a cross-chain compatible, delta-one asset protocol designed for seamless trading and staking of various liquid assets. At its core, Linear Finance enables users to stake LINA tokens as collateral in the Builder decentralized applications (dApps) to receive LUSD, a stablecoin. Users can then trade LUSD for a range of liquid assets on the platform's exchange. Maintaining a proper P-Ratio (collateralization ratio) is crucial for accessing staking rewards and avoiding liquidation. The protocol also features a bridge between Ethereum and Binance Smart Chain (BSC), a Debt Terminator for liquidating under-collateralized positions, and a DAO for governance decisions. Recently, Linear Finance introduced the Linear Marketplace, which facilitates secure peer-to-peer transactions for token traders and vesting allocations via NFT Keys. The LINA token, an ERC/BSC-20 token, serves as both collateral and a governance tool within the Linear Finance ecosystem.