Linear Finance Protocol February Update

Linear Finance Protocol February Update

Mar 3, 2022 · 2 min read · cat

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Dear Linear community,

Welcome to the Linear monthly protocol update, your monthly roundup of the most important breaking news, milestones covered, accomplishments, and updates in the Linear community. The month of February 2022 has been distinguished by a series of events guaranteed to make this month stand out in Linear’s history.

Linear DAO Launch

Linear Finance always wanted to become a completely decentralized, democratized, and community-driven protocol. Lina holders now have voting rights and will be able to debate, propose, and vote on all modifications to the Linear platform. This will allow anyone with a decent idea of how the platform can function better to upgrade the protocol or list a new asset. Users commonly delegate their voting privileges or cast votes on proposals by calling the required functions directly, according to accessible protocols. A proposal must receive a majority of the votes cast to pass.

AMA with Community

We had an exciting, successful AMA session with one of the top global cryptocurrency exchanges, We had discussions ranging from what synthetic liquids are, the benefits of Linear’s cross-chain compatibility that gives low gas transaction fees when trading, When is Chaos coming out, to why the switch from the Ethereum blockchain to the Binance Smart chain. Kevin, who represented Linear, gave a befitting answer to all the questions from the community.

Dark Mode

Our team lends a listening ear to the dark mode feature our users and community requested. The safety of our long-term traders who are glued to the screen is essential to us. Hence, we took action to add the dark mode feature to minimize the amount of light emitted by device screens, making trading on the computer more pleasant. Not limited to the desktop version, but also available on the mobile platforms, allowing our users to trade while on the go!

Chaotic Finance Launch

Months of hard work have culminated in the release of Chaotic on February 23rd, a long-awaited product for the Linear Community. Chaotic is a 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. The team is currently working very hard on the final details for the $CHAOS Airdrop to Linear Finance users who have built debt Buildr.

Closing Thoughts

February was jam-packed with amazing activities and releases. We hope you had a fantastic month as well!

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.

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