The Linear protocol is a decentralized finance (DeFi) platform built on the Ethereum blockchain with the goal of creating synthetic assets that track the price of real-world assets like commodities, stocks, and fiat currencies.
The use of a dynamic pricing oracle in the linear protocol ensures that the price of synthetic assets tracks the price of their real-world counterparts as closely as possible.
What is LINA token?
LINA is the Linear Finance protocol’s native utility token. It is an ERC-20 token used in the Linear ecosystem for a variety of purposes including governance, collateral, and transaction fees.
LINA’s primary purpose is to act as collateral for the creation of synthetic assets on the Linear platform. When a user creates a synthetic asset, they must first deposit LINA tokens as collateral into a smart contract. The amount of LINA required as collateral is determined by the underlying asset’s risk and the value of the synthetic asset being created.
LINA is also used for governance, allowing token holders to vote on proposals related to the Linear protocol’s development and evolution. This includes decisions about changes to the protocol’s fee structure, Oracle system updates, and other governance-related issues.
Within the Linear ecosystem, LINA is used as a transaction fee. A portion of the transaction fee is paid in LINA when users trade synthetic assets on the Linear Exchange or use the Linear Swap feature to exchange cryptocurrencies.
Where You Can Buy LINA Tokens?
Both centralized and decentralized cryptocurrency exchanges allow trading of LINA tokens. MEXC Global is the most well-liked marketplace for purchasing and selling LINA tokens.
How to Buy LINA Tokens?
You can use the MEXC Global search bar to search for “LINA” to view available trading pairs.
And you can also find a detailed guide on how to buy LINA token.
How Does Linear Work?
Linear Finance is an Ethereum-based decentralized finance (DeFi) protocol. Users can create and trade synthetic assets that track the prices of real-world assets such as commodities, stocks, and fiat currencies.
- To create a synthetic asset, a user first deposits a certain amount of LINA, the Linear protocol’s native token, into a smart contract as collateral. The Linear platform is then used to create a synthetic asset that tracks the price of a real-world asset. The LINA tokens deposited in the smart contract serve as collateral for the value of the synthetic asset.
- A dynamic pricing oracle determines the price of the synthetic asset by providing a reliable and accurate price feed for the real-world asset it is tracking. This ensures that the synthetic asset’s price closely tracks that of its real-world counterpart.
- Trading: Once a synthetic asset has been created, it can be traded on the Linear Exchange or via the Linear Swap feature, which allows cryptocurrencies to be exchanged. A portion of the transaction fee is paid in LINA when users trade synthetic assets.
- LINA token holders have a say in the Linear protocol’s governance, allowing for a more decentralized and community-driven platform. They can vote on proposals related to the protocol’s development and evolution, such as changes to the fee structure and Oracle system updates.
What are the Advantages of Linear(LINA)?
Linear Finance offers several advantages as a decentralized finance (DeFi) platform:
- Linear allows users to create and trade synthetic assets that track the price of various real-world assets such as commodities, stocks, and fiat currencies. When compared to traditional DeFi platforms, which are limited to cryptocurrencies, this provides users with a wider range of investment options.
- Users can create and trade synthetic assets that track the prices of real-world assets such as commodities, stocks, and fiat currencies. Unlike traditional DeFi platforms, which are limited to cryptocurrencies, this platform offers users a broader range of investment options.
- Linear employs a dynamic pricing oracle to ensure that the price of synthetic assets closely tracks the price of their real-world counterparts. This reduces the risk of price discrepancies and gives users a more dependable and trustworthy trading experience.
- Strong security measures: To protect the platform and its users from potential attacks, Linear has implemented several security measures, such as smart contract audits and bug bounty programs. This contributes to the platform’s and its underlying technology’s trust and confidence.
- Decentralized governance: LINA token holders have a say in the Linear protocol’s governance, enabling a more decentralized and community-driven platform. This contributes to ensuring that the protocol evolves in a way that is consistent with the needs of its users.
Linear Finance（LINA） offers a user-friendly and secure DeFi platform that provides users with access to a wide range of synthetic assets and investment options.