Gate.io AMA with Linear-The First Cross-Chain Compatible and Delta-One Asset Protocol

Time: Feb 11th, 2022, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Kevin Tai,Project Lead of Linear in the Gate.io Exchange Community.
Official Website: https://linear.finance/
Twitter: https://twitter.com/LinearFinance
Follow Linear on Telegram and Discord

Guest

Kevin Tai — Project Lead of Linear

Q&A from Gate.io

Q1: Can you give us a brief introduction to Linear Finance?

Kevin：Sure thing. So we have been working on Linear Finance for over the last 1.5 years. Linear Finance is a cross-chain compatible, decentralized synthetic asset protocol to create, trade, and manage Liquids which are synthetic versions of digital assets, commodities and indices. We are built on ETH and BSC and act as a faster, cheaper, safer, and easier to use alternative compared to other synthetic asset protocols.

Q2: And how does LINA fit into this?

Kevin：LINA is Linear Finance’s utility and governance token which is both an ERC-20 and BEP-20 token. LINA can be used for — staking in the collateral pool, liquidity mining, governance (Linear DAO), and investing in synthetic “Liquids” on investment assets with infinite liquidity and minimal to no slippage. Essentially, users stake LINA onto our Buildr platform, build LUSD and then can use that to trade the synthetics on our exchange.

Q3: Can you further elaborate on Liquids? What are they? Where can the community trade them?

Kevin：Liquids are synthetic versions of your favorite assets. They range from popular crypto like LBTC, LETH to indices like LDEFI (DEFI Index) , LPLAY (NFT Index) from our friends at PieDAO to commodities and currencies. You can trade all of our Liquids on the Linear Exchange, you can find the LINK below:
https://exchange.linear.finance/

Q4: What are the benefits of LINA being cross-chain compatible?

Kevin：Being on both Ethereum and BSC allows LINA holders to benefit from low gas fees when trading on LinearExchange which runs on BSC. But as we are on both ETH and BSC, all of our Liquid tokens can be bridged back to ETH to be used in the ETH ecosystem as well as the BSC ecosystem… We will be going on numerous other chains over the next few months.

Q5: You also previously mentioned the Linear DAO. What is that all about?

Kevin：Sure thing. Ever since we started working on Linear we knew we wanted the protocol to adopt a DAO structure. Now after months of hard work we are proud to say that the Linear DAO is now live. LINA holders can now propose and vote on both improvement implementations and new listings they want to see become a part of Linear Finance. If you want to know more about the Linear DAO be sure to check out the LINK below:
https://medium.com/linear-finance/linear-governance-model-3fa81c3b3836