Linear Finance, a decentralized protocol specializing in instant creation of synthetic tokens with infinite liquidity, has stood out in the DeFi ecosystem for its recent innovations and resilience in the face of challenges.
Launch of the Multichain Perpetual Decentralized Exchange
On December 9, 2024, Linear Finance launched its multichain perpetual decentralized exchange, an advanced platform that allows users to trade perpetual contracts with leverage across various digital assets. The platform offers compatibility with multiple blockchains, a customizable interface, and settlement in USDC, aiming to provide a stable and efficient trading experience.
Introduction of the Linear Marketplace
In August 2024, Linear Finance launched the Linear Marketplace, an innovative platform aimed at transforming peer-to-peer transactions in the crypto space. The marketplace supports transactions involving NFT Keys and tokens, offering enhanced flexibility and liquidity in the DeFi sector. With features such as collateral deposits, wallet integration, and advanced asset monitoring tools, the Linear Marketplace seeks to redefine the trading of illiquid tokens and vesting allocations.
Relaunch on the BNB Network after Attack
On September 21, 2023, Linear Finance suffered an attack that resulted in the depletion of all LUSD liquidity on PancakeSwap and Ascendex, causing the price of LUSD to drop to zero. In response, the team closed the protocol for maintenance and, on November 22, 2023, announced its relaunch on the BNB network. The protocol was rebuilt, with features such as P-Ratio verification and Build/Burn already available. Future plans include creating a new USDT/LUSD pool on PancakeSwap and reopening the bridge, aiming to restore trust and full functionality of the protocol.
Participation in SmartCon 2024 and Community Engagement
In October 2024, Linear Finance participated in SmartCon 2024, one of the leading blockchain conferences, where it highlighted its innovations and strengthened strategic partnerships, such as collaboration with Chainlink. During the event, the team conducted an 'Ask Me Anything' (AMA) session, addressing topics such as the launch of the Perp Dex, staking opportunities, and future development strategies, reinforcing its commitment to transparency and community engagement.
These initiatives reflect Linear Finance's ongoing dedication to innovate and strengthen its position in the DeFi market, offering advanced and resilient solutions for its users.
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