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.
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.
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.
Linear Finance offers several advantages as a decentralized finance (DeFi) platform:
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.
VINDECODERZ offers comprehensive and reliable VIN decoding services to provide users with detailed vehicle information…
Table of Contents: Key Takeaways Understanding the Impact of Diagnostic Software Electric and Hybrid Vehicles:…
Key Takeaways: Custom trigger kits can offer personalization while potentially improving shooting accuracy and performance.…
Ensuring a vehicle's longevity requires more than just regular servicing; it encompasses a broader approach…
Technological developments in medicine have raised the bar for patient care to an unprecedented degree,…
In the digital era, having a website is essential for businesses, organizations, and individuals alike.…