Linear Finance (LINA) is a decentralized delta-one asset protocol where users are given the ability to create, manage, and trade synthetic assets. Their synthetic assets, or Liquids, are much like a basket of assets, representing underlying assets without the need for the user to directly hold them.
This innovation gives investors exposure to numerous kinds of markets at a much safer and more diversified strategy. Powering the platform is the Linear token (LINA), its native token that can be used for payment, staking, governance, liquidity mining, as well as investing. It is a utility token that can also be used to collateralize Liquids through Buildr, the decentralized application (dApp) that is designed to handle synthetic assets.
Among all the functions of the LINA token, its staking service is the most sought-after by the community. Stakers of Linear token receive rewards from exchange fees collected by the platform, as well as in the token inflation and yield farming activities.
LINA is now listed on Uniswap
Linear has just recently announced that the LINA token is already listed on Uniswap since the 17th of September 2020. It is now live on Ethereum, and the contract address for the listing is 0x3E9BC21C9b189C09dF3eF1B824798658d5011937.
Linear cautions users to be careful whenever making interactions with other token listings, especially since there is also another token with the same name currently trading.
LINA will have a starting price of $0.005 USDT per LINA, with an initial supply of 16,000,000 LINA.
How to buy LINA tokens on Uniswap?
- Buy ETH or BTC with either fiat currency, supported stablecoins, or other digital currencies in a cryptocurrency exchange.
- Access the Uniswap Web3 Platform here.
- Connect the platform to your wallet. It can either be Metamask, Coinbase, or other supported wallets.
- Select the token you want to buy LINA with and set the amount you wish to buy. Again, it is priced at $0.005 USDT per LINA.
- To find LINA, click the address bar where you can set the token that you wish to receive. Paste LINA’s contact address there.
- Click the ‘Swap’ and confirm the transaction after setting gas fees.
Linear is planning on launching their Early Staking Incentive Program soon. The program is created to entice users to buy and stake LINA tokens that back the platform’s collateralized debt pool. While there is no exact time and date for its release yet, it will follow the listing of the token on Uniswap.
The incentive program will give the first stakers of the LINA token the chance to receive rewards as soon as the LINA mainnet is launched. There is a six month lock up period for all the tokens that will be rewarded, but they can be used to mint LiquidUSD right after its launch.
There are a total of 150,000,000 Linear tokens earmarked for distribution to early stakers. Here is the distribution schedule:
Staking LINA is another way to earn additional Linear tokens as well. Stakers are rewarded through:
- Exchange Fee Distribution – Linear’s exchange collects transaction fees from its users. Currently, 0.25% of all those fees are allocated for weekly redistribution to LINA stakers in proportion to their investments.
- Inflationary Reward – LINA has an initial inflation rate set at 75%, but is designed to decrease weekly. Holders of the LINA token receive a portion of the rewards from inflation on a pro-rata basis.
- Yield Farming – Yield farmers are those who deposit assets into the exchange to support its liquidity and its lending pool. For the first two years, users are given token bonuses as a reward which they can also re-deposit in other liquidity pools.
How do you stake LINA Tokens?
As soon as the staking page is released, this is what it will look like.
The first step is for users to go to the Uniswap Web3 Platform and link their wallets there. Then, the platform gives users two options: to stake LINA and unstake LINA. Other functions will be made available soon.
To begin staking, users just have to click on “stake.” Then, the user has to type in the amount of LINA that they are willing to stake.
To finish the transaction, users have to confirm it along with editing gas fees if they want a faster transaction.
How does the Uniswap pool compare with others in terms of yield?
Yield farming refers to the process where token holders deposit their assets in exchanges to receive additional interest on top of their investments. The exchanges produce returns for these assets by lending the investments to other users who are looking to borrow funds.
As of the previous month, Uniswap’s Subs-DAI pool has recorded the highest return of investment for yield farmers. And in the days ahead, Uniswap’s yield farming pools show promising figures. This can be expected to have a positive impact on the planned release of LINA’s staking feature.