Dear Linear Community, As you all know on 21st September 2023 Linear was subjected to an exploit attack on our protocol. What happened? During the recent listing of ℓAAVE malicious code was entered into the contract that allowed the perpetrator to mint an infinite amount of ℓAAVE. The ℓAAVE was…

On 21st Sept 2023 the Linear Finance protocol was subject to an attack that resulted in the draining of all ℓUSD liquidity on both PancakeSwap and Ascendex, resulting in the price of ℓUSD going to zero. The attacker was able to mint an unlimited supply of ℓAAVE and subsequently traded…

Introduction: In this project update, we are excited to share the latest developments and advances within Linear Finance. Our team has been diligently working on multiple fronts to enhance the platform’s capabilities and overall user experience. This update covers key areas of progress, including Multi-Collateral Staking, the launch of a…

Introduction: Linear Finance, our decentralized liquid asset trading platform, is launching a trading competition today! This event promises participants the opportunity to not only put their trading skills to the test but also to win cash prizes based on their performance. Whether you’re a seasoned trader or just starting out…

Dear Linear Community, It’s that time of the month again, an 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…

Navigating the Web3 Frontier Dear Linear Finance Community, We are delighted to announce the launch of our flagship podcast, the Linear Explorer’s Podcast! As the cryptocurrency landscape continues to transform traditional finance, we believe its crucial to provide a platform that delves into the journeys, insights, and experiences of the…

Dear Linear Community, On Thursday 29th June, Bowser and Jason from the Linear Team held a Discord Open Mic AMA to further update the community on everything that’s been happening at Linear. You can listen to the recording here: Linear_Community_Call_29th_June_2023.mp3 Written Re-Cap We started with a re-cap of the new team…

Dear Linear Community, It’s time for the monthly rebalancing of the ℓDEFI index. As mentioned in our Medium post on July 3rd, this will be the last rebalancing of ℓDEFI. PieDAO will no longer be curating indices and ℓDEFI and ℓPLAY will be deprecated on July 31st 2023. For those…

Dear Linear Community, We would like to inform you that PieDAO, our index provider for ℓDEFI and ℓPLAY on Linear Exchange, has decided to reposition themselves as a lending protocol — AUXO. As such, the support for ℓDEFI and ℓPLAY will cease. …