What Is Linear Finance(lUSD)?
Linear Finance is a decentralized delta-one asset protocol capable of instantly creating synthetic assets with unlimited liquidity. The project opens traditional assets like commodities, forex, market indices and other thematic sectors to cryptocurrency users by supporting the creation of “Liquids” — Linear’s synthetic asset tokens.
The protocol consists of various products like Linear.Buildr, a DApp used to manage Liquids using Linear (LINA) and other tokens as collateral. The exchange is specifically created to enable the trading of a variety of Liquids with rapid confirmation times and robust security.
lUSD is an in-house protocol stable coin/ synthetic USD token powered by the Linear Finance protocol. It could be built on platform with LINA token or purchased through decentralized exchanges. With the lUSD, users get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices.
| Coin Basic | Information |
|---|---|
| Coin Name | Linear Finance |
| Short Name | lUSD |
| Circulating Supply | 709,669,558.00 lUSD |
| Total Supply | 2,000,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
lUSD Price Live Data
The live Linear Finance price today is $0.959122 USD with a 24-hour trading volume of $49,899.51 USD. They update lUSD to USD price in real-time. Linear Finance is down 1.65% in the last 24 hours. The current CoinMarketCap ranking is #4790, with a live market cap of not available. The circulating supply is not available and a max. supply of 2,000,000,000 LUSD coins.
If you would like to know where to buy Linear Finance at the current rate, the top cryptocurrency exchange for trading in Linear Finance stock is currently PancakeSwap (V2). You can find others listed on crypto exchanges page.
Stake.Build.Earn
Linear Finance decentralized application for staking and building LUSD, accepting a mixture of LINA tokens and other major cryptocurrencies.
Spend Invest Diversify
Linear. Exchange enables trading of a variety of liquid assets (Liquids) based on spot cryptocurrencies, commodities, and thematic indexes with nearly instant confirmation time and immediate finality.
Transfer Across Chain.Gas Savings.Composability
The custom built swap functionality that helps save gas fees and allows composability of LINA tokens across different blockchains.
LINA token – Collateral and Governance
LINA tokens are the base collateral to create Liquids using Buildr, which is a decentralized application for collateral pool and Liquids management. The creation of Liquids will require a pledge ratio which is over 100%, i.e. over-pledged. Over-pledging is necessary to ensure the volatility of the pledged assets do not adversely affect the stability of the entire system. In the long run, the pledge ratio can gradually be optimized and this will be determined by the community-driven LinearDAO.
Compared to other competitors which are testing to accept cryptocurrency such as Ether (ETH) as collateral, Linear protocol will take a hybrid approach instead. As such, Buildr will accept a mixture of LINA tokens and other digital assets as collateral. There will be a threshold on the size of non-LINA tokens to be accepted in order to stabilize the LINA token economy. The threshold is subject to community adjustment with the inception of the Linear Finance.
The Issue
Liquids provide a seamless exposure for all users. Imagine a world without Linear.Exchange, when Alice wants to switch her exposure from CAC 40 index to Bitcoin, it would take her approximately two days to get the proceeds from her brokerage account because of T+2 settlement timeframe and another 1 to 2 days for the broker to direct a transaction to Alice’s bank account. Afterwards, it would be another couple of days for Alice to wire money from her bank account to a cryptocurrency exchange before she can finally switch her exposure into Bitcoin, ultimately exposing her to a potential negative price movement.
The Solution
Linear Finance Exchange can seamlessly solve the issue with the debt pool concept and unlimited liquidity. Any Liquids settlement timeframe can be lowered into seconds with the help of blockchain technology (as compared to T+2 in traditional securities). Linear is now working with selected public blockchains with EVM compatibility to further lower the settlement timeframe with block times as low as few seconds and instant finality.
In this case they can combine the best of the both worlds: the most sought-after tooling and infrastructure of Ethereum and the high TPS of other public blockchains. In addition, when creating Liquids, as it will be on the other blockchains, the transaction fees will be minimal, compared to the high gas fees of Ethereum. The front-running problem of some existing platforms can also be very much alleviated as the oracle will be able to refresh prices in a much higher frequency at much lower fees.
