UserGA2025

Dear Linear Community,

Let me quickly introduce myself. My name is Kelvin and I am the project lead of Athos Finance. I am grateful for the invitation from the Linear Finance team for me to write a guest post to share about the upcoming multi-collateral upgrade coming to Athos Finance and Linear Finance soon.

I will split the article into two main sections: the first section will showcase the changes that we are making as part of the multi-collateral upgrade, while the second section will give you a peek into the development process.

Let’s dive in!

Details about the Multi-Collateral Upgrade

With the introduction of multi-collateral, there will be a number of major changes to how Linear users interact with the suite of Linear products. In this section I will detail the changes you should expect as part of the overall experience.

Staking & Debt-Building

With the multi-collateral upgrade, users will have the option to stake other supported assets to build ℓUSD. Each asset will have its own target P-ratio. Asset with lower price volatility will have lower P-ratio and will allow you to build more $ℓUSD with every dollar worth of collateral.

Enabling various assets such as $wBTC, $wETH, $BNB and a stable coin — $BUSD in this particular case — as collateral should attract platform TVL, boost the amount of $ℓUSD in circulation and have a net positive effect on the price stability of $ℓUSD.

This should lower the barrier of entry and make it easier for users to build debt and trade synthetic assets. That will also mean more transaction fees generated from Linear Exchange.

Weekly Rewards Allocation

After the upgrade, weekly rewards will continue to be distributed for debt built by all collaterals, based on the amount of debt users build relative to the entire pool. In addition, percentage bonuses for weekly rewards will be applied to specific collaterals from time to time.

For example, a collateral might get a 100% bonus for weekly rewards. In that case, debt built with that specific collateral will then get 100% more rewards from the reward pool compared to debt built with other collaterals.

On the other hand, Linear Exchange transaction fees will be distributed exclusively based on the amount of debt built by $LINA as collateral. Any debt built by other collaterals will not be eligible for Linear Exchange transaction fees.

Last but not least, users are required to keep their P-ratios for a collateral above target to claim rewards designated for debt built by that specific collateral. For example, if a user stakes two tokens (Token A & Token B) as collaterals but only Token B is above target P-ratio, then the user is only allowed to claim rewards designated for debt built by Token B unless P-ratio for Token A is also restored above target.

We believe the ability to apply percentage bonuses for weekly rewards provides the protocol flexibility to incentivize users to build debt with specific collaterals. On the other hand, Linear Exchange transaction fees are distributed solely to users who build debt with $LINA to increase the attractiveness of holding and building debt with $LINA.

Liquidation

With the introduction of multi-collateral, each collateral type is considered as an isolated account for liquidation purposes. For example, if a user stakes both Token A and Token B as collateral and P-ratio for Token A has dropped significantly that it is now subject to liquidation, it will not affect Token B in any way.

Each collateral will come with its own liquidation penalty. You can expect lower liquidation penalties for collaterals with higher liquidity and lower price volatility.

Multi-Collateral Development Process

Now that we have an idea of what multi-collateral would look like in the future, don’t you want to find out about what steps we took to make this a reality? The team has worked tirelessly to deliver the multi-collateral upgrade, so I would like to share more details about each step of the whole development process to give you a better understanding of what we do.

Ideation

This is the first step in developing a successful product. This involves doing deep-dives into similar DeFi products, understanding the latest technologies, and brainstorming potential solutions. For example, we spent a lot of time thinking about how we can manage the debt-to-collateral ratio with different collaterals at different prices. We came up with the solution where each collateral will be treated as an isolated account with its own P-ratio so no cross-liquidation is possible.

Design

Once we have a general direction with where we are heading after the ideation phase. We now need a detailed design plan for the product. This includes upgrading the frontend of our dApps, creating user flows, and mapping out features of the product. We put a lot of attention to this step to make sure we create a product that is both functional and easy to use. Some of the key frontend considerations we had to make include things like how do users choose which collateral they should choose, or how do we let users know the weekly reward bonuses for each collateral?

Development

Once the design is complete, it is time to start building! This involves writing the smart contract code, implementing the frontend changes, and integrating the contracts to the frontend. We put a lot of effort in this to ensure our product is secure, reliable, and performs as expected.

Testing

Once the product is developed, we make sure it undergoes rigorous testing to ensure that it works as intended. All the edge cases are tested here to ensure the logic is covered by our contract. This is the stage where the team can identify and address any potential issues before the product is released to the market.

Audit

Once the product has been thoroughly tested, it is audited by a third-party security firm to identify any potential vulnerabilities. We have contracted PeckShield to conduct the smart contract security audit, and expect the audit to conclude before the end of this month. Once the audit is completed, we will go through any potential findings and address them wherever necessary.

Launch

Once the audit is completed, it is time to break the good news to the community and launch the product into the market!

So here it is! I hope you look forward to multi-collateral as much as we do! If you have any thoughts and questions, don’t hesitate to reach out to myself or a member of the Linear team.

Have a great weekend,

Kelvin

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

About Athos Finance

Athos Finance is the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through synthetic assets with full transparency and no slippage.

Dear Linear Community,

In the spirit of decentralization, we are pleased to inform you that we are working to publish our subgraph to The Graph Network. The Graph is a decentralized protocol for indexing and querying data from blockchains, starting with Ethereum but continuously expanding its reach to other networks such as Gnosis and Polygon.

Source: https://thegraph.com/

Indexing data on-chain is difficult because of blockchain properties such as finality, uncle blocks and chain reorganizations. The Graph solves these complications with a highly performant and decentralized solution that indexes blockchain data and makes it easy to query using GraphQL. These indexed subgraphs or APIs can then be searched with a standard GraphQL API.

During the past couple of weeks, the dev team at Linear Finance has been working to decentralize our data layer by publishing subgraphs to The Graph’s decentralized network to migrate Linear’s ETH bridge subgraphs that were previously self-hosted on our own server but have now been migrated to The Graph Network.

This is only the beginning of our data decentralization journey using The Graph. Once The Graph Network fully supports BNB Chain, Linear Finance will work on migrating the rest of our self-hosted subgraphs onto The Graph’s decentralized network. If you wish to learn more about The Graph, be sure to check the protocol’s documentation.

Kind regards,

Linear Finance Team

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

About The Graph

The Graph is the indexing and query layer of the decentralized web (Web3). Developers build and publish open APIs, called subgraphs, that applications can query using GraphQL. The Graph currently supports indexing data from 22 different networks including Ethereum, Arbitrium, Avalanche, Celo, Fantom, Moonbeam, IPFS, and PoA with more networks coming soon. To date, over 31,000 subgraphs have been deployed on the hosted service and now subgraphs can be deployed directly on the network! Over 24,000 developers have built subgraphs for applications, such as Uniswap, Synthetix, Foundation, Zora, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius, Decentraland, and many others.

If you are a developer building an application or Web3 application, you can use subgraphs for indexing and querying data from blockchains. The Graph allows applications to efficiently and performantly present data in a UI and allows other developers to use your subgraph too! You can deploy a subgraph to the network using the newly launched Subgraph Studio or query existing subgraphs that are in the Graph Explorer. The Graph would love to welcome you to be Indexers, Curators and/or Delegators on The Graph’s mainnet. Join The Graph community by introducing yourself in The Graph Discord for technical discussions, join The Graph’s Telegram chat, or follow The Graph on Twitter! The Graph’s developers and members of the community are always eager to chat with you, and The Graph ecosystem has a growing community of developers who support each other.

The Graph Foundation oversees The Graph Network. The Graph Foundation is overseen by the Technical Council. Edge & Node, StreamingFast, Figment and Semiotic AI are four of the many organizations within The Graph ecosystem.

Dear Linear Community,

It’s that time of the month again, an in-depth breakdown of the past weeks staking rewards.

The backbone of Linear Finance is the staking of LINA tokens. LINA tokens are staked and used as collateral to mint ℓUSD. Rewards to stakers are locked for 12 months before they can be freely tradeable. LINA collateral pool is the lynch-pin that enables trading without a counterparty to become a truly decentralized platform. 4,000,000,000 LINA tokens were allocated towards staking rewards, making up 40% of the initial token supply.

Staking rewards are distributed on a weekly basis and have a 2-week claiming period after which they are forfeited, and subsequently rolled over and shared with the other stakers.

The below table will give you an overview of the LINA rewards during January.

Stakers also earn ℓUSD from the trading fees on Linear Exchange. The trading fee is 0.25%, of which 70% goes to stakers, and 30% goes to the Foundation.

The below table will give you an overview of the LUSD fees collected during January.

We look forward to providing you with the next breakdown in a month.

Kind regards,

Linear Team

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

Dear Linear Community,

It’s that time of the month again, an in-depth breakdown of the past weeks staking rewards.

The backbone of Linear Finance is the staking of LINA tokens. LINA tokens are staked and used as collateral to mint ℓUSD. Rewards to stakers are locked for 12 months before they can be freely tradeable. LINA collateral pool is the lynch-pin that enables trading without a counterparty to become a truly decentralized platform. 4,000,000,000 LINA tokens were allocated towards staking rewards, making up 40% of the initial token supply.

Staking rewards are distributed on a weekly basis and have a 2-week claiming period after which they are forfeited, and subsequently rolled over and shared with the other stakers.

The below table will give you an overview of the LINA rewards during December.

Stakers also earn ℓUSD from the trading fees on Linear Exchange. The trading fee is 0.25%, of which 70% goes to stakers, and 30% goes to the Foundation.

The below table will give you an overview of the LUSD fees collected during December.

We look forward to providing you with the next breakdown in a month.

Kind regards,

Linear Team

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

Dear Linear Community,

The year 2022 is coming to an end, and what a year it has been. We’ve seen unprecedented turbulence in the markets and are once again seeing many write off the blockchain and crypto currencies space. It is fair to say that we’ve been in a bear market for the past year. In spite of the current sentiment, Linear Finance has continued to push through with new protocol updates, partnerships and the launch of both Chaotic and Athos Finance.

As the saying goes — “great projects are built during bear markets”

Now, let’s end 2022 on a positive note and look back at the year, what’s been accomplished and what’s to come!

Ambitions of going multichain…

For anyone that’s been with us through the years, it comes as no surprise that our focus during the past year (2022) has been to become a multichain protocol. Going cross-chain and expanding on to new chains was always our intention and part of our roadmap. We’ve always believed that an expansion on to new chains would prove beneficial for Linear Finance to gain more exposure and to open up Linear to a wider audience and new users. It further enables users to get the best of each chain, such as the composability of Ethereum, the lower gas fees on BNB Chain and the interoperability of the MoonRiver and Moonbeam networks. Given our ambition, a lot of thought and consideration went into building proof of concepts for shared debt pools across chains. After countless hours, days and weeks the product team understood the limitations and security concerns and came up with the most elegant solution launching on new chains with a separate token. With this in mind, the brainchild that came to be Chaotic Finance was born.

In February 2022 our ambitions paid off and we were thrilled to announce Chaotic Finance — the first community-driven delta-one asset protocol deployed on Moonriver, allowing users to trade long and short positions of their favorite tokens with up to four times leverage. To ensure Linear’s long term supporters and users of Linear dApps such as Linear Buildr were rewarded, 25% of the $CHAOS tokens were allocated to Linear Finance users who had created debt via Buildr, with distribution based on a historically time-weighted average of the debt held in Buildr.

Chaotic Finance, built on MoonRiver, laid the groundwork for what later was to become Athos Finance, our integration on Polkadot via the MoonBeam network. Fast forward a few months to August and Athos Finance was launched. The approach and launch of Athos Finance very much followed the route of Chaotic Finance, with a few amendments made to the community distribution allocation (skewed more towards recently active users of Linear and Chaotic Buildr) and to ensure resources were not spread to thin, Athos launched with their own dedicated project lead, Kelvin Lam, and development team. All under the umbrella of Linear Finance.

To sum it all up, we trust that our cross-chain strategy not only allows users to trade on their preferred chains but also allows us as a project to take advantage of the unique benefits that each specific chain can bring to the table.

The Linear DAO

Another long standing goal that we were thrilled to achieve during 2022, was the transition of Linear Finance into a DAO, a Decentralized Autonomous Organization. Decentralization has always been a key aspect of why we built Linear Finance in the first place and having launched the Linear DAO, spearheaded by the Linear Council is yet another step towards further decentralization.

The Linear governance model was set up with the following goals in mind:

Allow the community to propose and drive changes to the protocol

Enable the community to influence and shape the future of the protocol

Ensure the health and long term growth of the protocol

The Linear DAO consists of Community Participants ($LINA holders), the Linear Council who vets proposals and oversee the health of the protocol and the Protocol DAO who are in control of the flow of funds and responsible for implementing ℓIPs/ℓLPs.

Further reading on the different participants, the scope of the Linear DAO, how to submit an ℓIP or ℓLP, etc. can be found here and make sure to drop by the Linear DAO Forum — they’re always open to ideas and love a great discussion.

Partnerships and CEX listings

On the partnership front we’ve seen progress being made as well, let us highlight a few that we find rather exciting.

We’ve extended our work with PieDAO by introducing the ℓPLAY index, curated by one of the best index providers in the space. ℓPLAY allows Linear Finance users to get exposure to some of the most in-demand sectors in the Metaverse, including entertainment projects, blockchain gaming, and infrastructure.

Our partnership with Bridge Mutual, a decentralized risk coverage platform, allows users to explore the Linear ecosystem without worrying about external factors that sometimes tarnish the DeFi space. Users can interact with our dApps and have confidence they are covered.

Finally, one of our more recent partnerships with Work X — the Internet of Jobs — will allow us to scout and hire qualified candidates to join our team. We look forward to posting current and future vacancies on the Work X platform.

In terms of new listings on centralized exchanges, we’re happy to see further exchanges having picked up on our project and their decision to list our token, $LINA. Amongst the new listings of 2022 you will find Bybit, WazirX, Bitrue, Bitpanda, and Ascendex (leveraged trading of $LINA). With existing listings on Binance, Huobi and Kucoin amongst others we believe that liquidity is well distributed catering to various regions.

Continuous refinements of UI/UX…

Refinements were made to our suite of dApps, all of which we hope and expect will enable easier usage of the platform and encourage further growth.

A few of the items that have been updated over the past year are:

Dark mode going live on Linear Buildr, Linear Exchange and Linear Vault.

Updates to Linear Vault to further improve ℓUSD liquidity. Single sided pool was closed.

Addition of pending unlocks history and manual settlement button

Adjustments to the P-ratio were made, lowered from 500 to 450.

We also saw the release of a brand new dApp, the Linear Debt Terminator.

While our liquidation contracts have always been permissionless, allowing users to interact directly with the contract, the launch of the Debt Terminator provides users with an intuitive GUI (Graphical User Interface). The Debt Terminator makes it easy for any user to help safeguard the protocol and its resistance to adverse market conditions by participating in liquidations. Users who liquidate accounts receive a 10% penalty fee as a reward, paid via the liquidated account.

Further reading on the Debt Terminator can be found here and just last week we further refined the dApp by adding a history page to the Debt Terminator.

Looking forward, what’s to come…

Looking at the past and enjoying previous achievements is always a pleasant thing to do, but we all know that the majority of people are more interested in the future outlook of their favorite companies and projects.

With that in mind, let’s take a brief look at what 2023 has in store for Linear Finance, its users and supporters.

First out will be the migration of our subgraphs, to a decentralized highly performant network — one of the major players in the field (more to come on this via a standalone announcement). Second out will be the long awaited implementation of multi-collateral assets, both on Linear and Athos Finance. We trust that the implementation of multi-collateral will bring a slew of new users, improve the liquidity of ℓUSD and its peg as well as bring new utility to the LINA token (eventually allowed as collateral on Athos Finance).

Looking forward, past the introduction of multi-collateral we are excited to announce that work has begun into the research, exploration and development of ZK Rollups and Layer 2 Linear Finance integrations.

“2023 will be an exciting year of development expanding on Linear Finance existing and new offerings”

A message from our Project Lead, Kevin Tai

Firstly, I want to wish everyone a Happy Holiday and a Wonderful New Year and to truly thank those that remain with us with their continued support. Over the past year we have seen a decline in volume and locked value across DeFi. Coupled with the perfect storm of LUNA, 3AC, and FTX brought substantial volatility to the crypto markets and have dampened the spirits of investors and potential new entrants to our crypto ecosystem. Yet, what has happened is a true testament to the need for decentralization, particularly in DeFi. As such, we continue to build (no matter the market conditions) and as many of you have seen, continue to improve and decentralize our dApp. Our team still has a lot in store and much to build so stay tuned on what is coming next for Linear Finance.

A message from our CMO, Aedreon Marshall

I’d like to wish the Linear community and the wider Crypto community a Merry Xmas and prosperous New Year. 2022 has not been without its challenges across the industry yet the majority are still here with full belief that what we strive to change by developing in the blockchain space will lead to positive change for ourselves and those that follow. During 2022 we at Linear made a few decisions to ensure that regardless of market conditions we remained in good stead to build into the future. We remain well capitalized and we were unaffected by recent events. We made decisions to adopt a more conservative marketing approach throughout 2022 reserving what is now ready to be deployed capital for our upcoming developments. I firmly believe that our growth throughout 2023 will positively impact the scale and popularity of Linear Finance and as we continue to build out our vision we will see better utilization, better engagement, better stability and a better product overall. 2023 will be an exciting year, stay tuned.

Kind regards,

Linear Finance Team

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

Dear Linear Community,

Late last week, Linear Finance Project Lead, Kevin Tai, held a Twitter Spaces to update the community on everything that’s been happening at Linear. Hosted by Ant, admin of the Linear Exchange Community channel on Telegram, he got to ask questions to Kevin on the LUSD/BUSD peg and the status of the Linear Council aside from several excellent questions from the community. It was definitely one not to be missed, but in case you couldn’t make please find the recap below.

Listen to the complete recording on Twitter:

https://twitter.com/i/spaces/1mnxeRPypkLKX?s=20

Written recap:

Opening Statement

Kevin | Linear Finance: Thanks everybody for joining our Twitter Spaces. This is the first time we’ve done an AMA through TS, most likely we’ll continue doing this going forward. Previously we held a number of sessions that were on Telegram.

Before we get into the questions that were posted to myself and the team I do want to say a few things about the last few months in 2022. This year has been quite unprecedented in terms of a lot of failures, more so on the centralized finance (CeFi) part of crypto. It is quite unfortunate that that has brought down quite a lot of the value that we have generated in the crypto industry. I hope everybody has stayed safe and if you have been affected our thoughts and prayers are with you guys. I think this is a turning point where now there’s going to be a big focus on DeFi and what can DeFi really bring to the industry moving forward.

This obviously will cleanse out a lot of players, I think we’ll continue to see the contagion going on with other smaller exchanges, some of the other market makers, and other CEXs. Other than that, let’s continue to push forward with positive thoughts and continue to build in space.

Team Questions

Ant (Host): Can you give us a quick update on what the team has been working on over the last couple of months?

Kevin | Linear Finance: Yeah, for sure. The team has been working hard over the last months. We deployed our latest dApp in August, the Linear Debt Terminator, allowing users to liquidate marked accounts (P-ratio below 200).

We also made some adjustments to the P-ratio in order to allow users to claim weekly rewards with a P-ratio of 450 or above (previously 500). We understand market conditions are complicated at the moment and we want to help users be able to claim weekly rewards.

We have continued to improve Linear’s UI/UX by adding a few updates on our website including the staking rewards unlocking schedule so users can keep track of their rewards and know when they unlock. The pending timer and manual settler button for transactions were also voted on by the Linear DAO and is now live.

The team has also started work on multi-collateral so that users will soon be able to stake various assets and build LUSD.

Lastly, in terms of business development, we have partnered with a couple of projects in the space. To name a few, we partnered with decentralized risk coverage platform Bridge Mutual to allow Linear Finance users to get or provide coverage in the case of any unforeseeable event.

Ant: What is the situation with the LUSD/BUSD peg?

Kevin | Linear Finance: The team is constantly looking for ways to help stabilize the LUSD/BUSD peg. Lowering the P-ratio to claim weekly rewards to 450 is a clear example of this. Once it was implemented we were able to observe some price movement towards a 1:1 peg. But given current market conditions with many users still with a P-ratio below 450, there is still a lot of demand for LUSD that users are looking to burn to bring their P-ratio back up above 450 and claim weekly rewards.

We are exploring other possibilities like creating Peg Protection Fund using rollover weekly rewards which is something that was suggested by Linear DAO Forum user Pho. We think this is a very good idea and could potentially work further down the line, but at current market conditions with over 1,300 marked accounts that can be liquidated, demand for LUSD is still high and it seems that Peg Protection Fund would only be a temporary solution at this point.

The team is working on bringing multi-collateral to Linear Buildr. We believe this implementation will definitely help bring the peg closer to one. Since users will now be able to build LUSD with other assets and not only with LINA.

Ant: Was Linear Finance directly affected by the events of FTX and Alameda Research?

Kevin | Linear Finance: We were fortunate enough to not have been directly affected by the events of FTX and Alameda Research. The team uses a self-custody multi-sig wallet for all treasury funds, hence no funds were compromised. Our thoughts go out to everyone in the space that was affected by this. We believe this just comes to show the importance of DeFi and the importance of what many of us projects are building.

I would like to point out that despite current market conditions, the team continues to be well funded and with enough runway even though we have considerably grown the team this year. Ever since our launch, we have taken a very careful and considerate approach to make sure we continue operations regardless of market conditions.

Ant: What can the community expect from the Linear Council members?

Kevin | Linear Finance: The Linear Council is made up of Linear Finance community members and they have quite a number of tasks which they are responsible for. They help manage the Linear DAO Forum by proposing both listing and improvement propositions, making sure discussions are respectful between users.

They also do a newsletter and hold Twitter Spaces to update the community on the latest about Linear Finance.

Additionally, they evaluate potential partnerships and do an initial screening before the core team engages with other projects. As we know they’re many scams going around and the team needs to make sure we conduct proper due diligence before engaging with other projects. The LC acts as that first point of contact and will determine if the core teams should start conversations with any worthy projects where an actual use case or collaboration opportunity actually exists.

If anyone has any specific questions for them please be sure to reach out to them on Linear’s Discord server. I’m sure they will be very happy to answer any questions you may have.

Ant: What can the community expect in terms of marketing efforts?

Kevin | Linear Finance: Marketing is always very important when it comes to projects in our industry. At Linear, we believe that the best form of long-term marketing is via strengthening our fundamentals and to further developing the protocol.

Our strategy is not to engage in hyped PR releases that are only aimed at increasing the price of LINA in the short term with no substantial value behind it. We much rather focus on building and continuing to tick boxes off our roadmap and when the time is right focus our energy and resources on marketing by having built a solid protocol in the meantime.

On top of this, given the current market conditions, we believe it is best to scale down marketing efforts as it’s become apparent that marketing does not provide projects with immunity against broader market conditions, timing is key in our industry and it is something we are well aware of. So let’s just say that we will fully turn on the marketing engine when the timing is right

Community Questions

Ant: Is Linear planning to add more assets to exchange? (@elischerm)

Kevin | Linear Finance: The team is always open to adding more assets to Linear Exchange. Ever since we launched the Linear DAO earlier this year, community members have been submitting their Listing Propositions onto the DAO Forum and those that have gotten enough support from the community have been listed like LMATIC and LSOL to name a couple.

By all means, we encourage everyone to participate in the DAO. If there is an asset that you would like to trade on Linear Exchange by all means start the conversation with the community, just make sure there is a reliable price feed for said asset and if enough community members want to see it listed you can submit a proposal on Snapshot for voting.

Currently, community members are discussing adding blue chip NFT floor prices to Linear Exchange. We think this can be a great addition to the exchange since it would allow Linear users to get exposure to blue chip NFT projects such as BAYC and PUNKS without actually having to own the actual asset, which as we all know has some inherent risks, liquidity being the main one.

On this topic, the core team has already reached out to Chainlink to check the availability of the price feeds and to make sure they meet all the requirements to be implemented on Linear Exchange.

Ant: Is it planned to lower the ratio from 450% to 400% in the future? (@cabezon__2016)

Kevin | Linear Finance: The first changes to the P-ratio since we launched Linear Finance were just implemented a couple of months back in October. We reduced P-ratio to build/claim rewards from 500 to 450 this change allowed users to claim rewards and build ℓUSD at a lower P-ratio, thus increasing the amount of ℓUSD in circulation.

We are constantly monitoring this situation and how it affects the different aspects of the protocol, in particular the LUSD peg. Right after implementation, it had a positive impact on the price of LUSD and we actually achieved peg for a short period.

We believe that P-ratio changes are not to be taken lightly, it is a core component of Linear Finance and when discussing these changes with the Linear Council we came to the conclusion that it is best to modify slightly and monitor.

Adjusting the P-ratio is something that falls under the DAOs scope. So if the community feels there needs to be another change and it is well backed with valid research and data supporting the proposal and obviously, it meets the voting quorum the team would work to implement the said proposal.

Ant: Why is there no proper set up to ensure that the exchange functions without issues. (Crumbi)

Kevin | Linear Finance: Most of the time when the exchange is experiencing issues it is due to the fact that BSC nodes are not being synced correctly. When this happens it tends to be fixed relatively fast, but it is important to note that this is a BSC problem and is beyond our control.

For the graph issues on the exchange, they only apply to BAND powered assets. Earlier this year BAND made a breaking change to their smart contract and our original price tracking code no longer works for it. Basically they “optimized” the contract by removing event emission, which we’ve been using for price indexing and thus TradingView graph building.

The team is looking to migrate all of our prices feeds to be provided by Chainlink, but in the meantime, we are working on a temporary solution that continues to use BAND’s price feeds which will allow us to show the price candle chart but not the volume bar chart.

Ant: Linear Finance has a grand vision. Could you please tell us what is its development blueprint? What are the highlights in future planning worth looking forward to? (@youcan7788)

Kevin | Linear Finance: Even though we have a fully functional protocol, Linear Finance is far from complete. The team is constantly working on maintaining and further developing the platform.

The next big milestone on our roadmap is bringing multi-collateral to Linear Finance. The team is working hard at it but there’s still a lot of work to be done including code audits, so it will still be a couple of months until we release this feature. The community can rest assured that we are a team of builders and we will continue to do just that.

Ant: According to the 2022 roadmap, there was a zk rollup. When will this be implemented? (@bklove00)

Kevin | Linear Finance: This is correct. As I just mentioned in the previous answer, dev resources are focused on delivering multi-collateral staking on Linear Buildr. Not only does it comes first on our roadmap, we believe it can significantly help stabilize the LUSD peg since it will allow Linear users to build LUSD with other blue chip assets like BTC for example and not only with LINA which should increase the overall protocol P-ratio and more users to claim weekly rewards.

When it comes to integrating Linear to a zk rollup / Layer 2, know that the business team is constantly working on this. We are doing exhaustive research to help us make the correct decision on where we will build next. It is not a simple decision to make, we want to make sure we go wherever most TVL will be, but also we want to go with a solution that truly enables scalability without compromising security and decentralization.

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

Dear Linear Community, It’s time for the monthly rebalancing of the ℓDEFI index.

For those not familiar with the rebalancing process it can be simplified into the following steps:

PieDAO provides Linear with the current month’s weightings in spreadsheet format → Linear provides its Oracle partners with the spreadsheet → the Oracle partners provide Linear with the updated price data feed for ℓDEFI.

The table and pie chart below shows the resulting percentage allocations which were computed by adjusting the average market cap of all underlying's over the past 30 days.

We look forward to providing you with the next update in a month.

Kind regards,

Linear Team

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.