Staking LINA, Building ℓUSD

Staking LINA, Building ℓUSD

Dec 13, 2021 · 2 min read · cat

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Although ℓUSD can be purchased through both decentralized and centralized exchanges, it can also be built on our platform. ℓUSD is the in-house protocol stablecoin that can be minted through our dApp, Linear Buildr. When launching Buildr, you will come to the overview page shown below.

On the right-hand side, you can view balances, staked amount, total value of Liquids built, and more. From here, you’ll need to enter the “Build ℓUSD” which will launch a new page as displayed below.

There are 3 main methods that can be used to build ℓUSD.

  1. In the first box (“Stake LINA”) above, enter the amount of LINA you plan to stake and Buildr will automatically calculate the amount of ℓUSD that can be built with the P-ratio set to 500%.
  2. Similar to the first method, users can go the opposite way by entering the amount of ℓUSD they want to build in the second box. Buildr calculates the amount of LINA needed to be staked with the p-ratio set to 500%.
  3. Lastly, users may also click the “MAX” button underlined in green in the second box. This will build the maximum amount of ℓUSD possible with the given amount of LINA in your wallet with the p-ratio set at 500%.

Once you are happy with the composition of your profile, go ahead and click the “Build Now” button at the bottom to complete your choices. Confirm any MetaMask approvals and when done, you will see that your ℓUSD balance has been updated.

Hurray! If you’ve made it down here, you’ve successfully managed to build ℓUSD. With your new ℓUSD, it’s time to go explore our other products and put them to use. Lock it in our Vault, trade Liquids on our Exchange, or Swap it across to other chains. Join our social community through the links below!

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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