Linear Finance Protocol Update

Dear Community,

We last provided some insight into our progress during our AMA on May 28th. It has since been a few weeks and we’d like to provide you all with a few further updates as there are quite a number of new developments.

PieDao

Within the next few days, once testing is complete, we will be listing a DEFI++ Index (ℓDEFI) on our Linear Exchange through a partnership with PieDao as we continue to work with solid index providers and experienced portfolio structurers in the DeFi space. For initial information on the team and composition of the DeFi++ index, please visit their website at https://www.piedao.org/.

Cryptocurrency Liquids

In addition to the above, over the next few weeks we will be adding a handful of new Liquid crypto listings to the Linear Exchange. We will continue to expand on the overall offering on a more frequent basis going forward. (ERN is in the pipeline once a reliable price feed is obtained).

Perpetual offerings

Our developers are finalizing the smart contracts for our Linear Perpetual series and these will enter testing near the end of this week. With the introduction of our perpetuals, users will be able to short a selection of pairs on our exchange. As this will also change certain UI/UX components of our Linear Exchange, be on the lookout for the user guides accompanying the upcoming launch announcements.

Non Cryptocurrency listings

We are one step closer to the release of further non crypto liquids on our Linear Exchange. Specifically, we are currently finalizing our DAO listing proposal processes for the community to request and vote on adding other “alternative” assets (hint… stocks). We realize this is an important addition to our ecosystem and offering, allowing us to expand on the overall user experience and engagement/interaction with our exchange.

Linear DAO

Work on the Linear DAO continues and is pending final internal approvals on the structure and processes. It is likely we will be reaching out to the community to find candidates to form the Linear Council over the next 6 weeks.

Project Eagle

The building of Project Eagle continues as the team flushes out the UI/UX, governance model and business plan. Smart contract work is practically completed and we are simply awaiting our core partner in this project to secure their Parachain. Once done, we will begin initial testing and subsequent reveal.

Team Communication

Going forward, we will be providing an official monthly project update on the 14th/15th of each month along with any material updates we provide on our Discord channel. We appreciate the support our community continues to show during these difficult market conditions. Nevertheless we continue to build and strive to meet your expectations.

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.

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