Linear Finance’s Staking program with Initial APY of 1636%+

Linear Finance’s Staking program with Initial APY of 1636%+

Sep 18, 2020 · 1 min read · cat

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With the launch of our LINA token we have also introduced the opportunity to our community to stake their LINA in our collateralized debt pool. The staking platform enables users to “build” liquid USD (ℓUSD) which can then be used to purchase synthetic assets (“liquids”) when our mainnet launches.

Access the staking platform here:

Early supporters of the LINA token will be able to earn a total of 150,000,000 LINA tokens on a release schedule of 2 months. As it stands, stakers for the first day would earn a minimum of 1,636%+ APY. The exact amount staked can be seen here.

Our team is working tirelessly to bring improvements to our product. As suggested by our community members, we will implement a reward tracker over the next week to show users their LINA tokens earned per day as well as their total LINA tokens.

There were also some confusion about the staking program from our community. To explain how to successfully stake your LINA, we’ve created a video to clarify the step-by-step process.

Common error and Solution

Along with the video to guide you through the steps, we wanted to specifically address some steps in the process to prevent the common, but easily avoidable, issues with the staking of LINA tokens below.

Solutions to common errors:

  • Ensure that the gas fee is on the fastest option/check the Etherscan recommended gas fee gwei
  • Make sure that you grant permission and get approval for the smart contract by confirming the approval message that will appear in your MetaMask before the transaction begins (see picture on left)
  • Check that your MetaMask is clear of any pending transactions.
  • Refresh your page and cache memory afterwards by clicking Ctrl+Shift+R
  • Note: Always read and check the pop-up notifications on the staking dashboard to see whether the process is actually successful or not