Linear Finance July Breakdown, in-depth breakdown of the past weeks staking rewards.
The backbone of Linear Finance is the staking of LINA tokens. LINA tokens are staked and used as collateral to mint ℓUSD. Rewards to stakers are locked for 12 months before they can be freely tradeable. LINA collateral pool is the lynch-pin that enables trading without a counterparty to become a truly decentralized platform. 4,000,000,000 LINA tokens were allocating towards staking rewards, making up 40% of the initial token supply.
Staking rewards are distributing on a weekly basis and have a 2-week claiming period after which they are forfeiting, and subsequently rolling over and sharing with the other stakers.
The below table will give you an overview of the LINA rewards during July.
Stakers also earn ℓUSD from the trading fees on Linear Exchange. The trading fee is 0.25%, of which 70% goes to stakers, and 30% goes to the Foundation.
The below table will give you an overview of the LUSD fees collected during July.
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.
Linear is a non-custodial cross-chain compatible DeFi protocol with unlimited liquidity and serves in the creation of synthetic assets (Liquids) with zero slippage. The backbone to Linear’s protocol is our collateralized debt pool, backed by our Linear token (LINA), and eventually other digital and real world assets. Users who have provided collateralized assets to the debt pool are able to “build” Linear USD (lUSD) which can then be using to purchase synthetic assets (Liquids) on exchange. The collateralized assets are subsequently pooling to enable instantaneous liquidity and serve as a counterparty. LINA will also be a governance token enabling holders to vote on distribution models, assets to be listing, oracle selection, pledge ratio etc. LINA holders within the debt pool will obtain pro-rata fees from the building of Liquids.