Linear Finance has relaunched on BNB Chain

2023-11-22 14:02:55

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ChainCatcher news, the DeFi protocol Linear Finance, which was previously attacked, announced its relaunch on the BNB Chain.

Linear stated that the entire protocol has been rebuilt, so certain features will be temporarily unavailable. Currently, P-Ratio and Build/Burn can be checked; a new USDT/LUSD pool is planned to be created on PancakeSwap this week, and LP tokens will be distributed to previous holders, along with reopening the bridge; next week, reward claiming and unlocking will be released, liquidation will be restored, perpetual trading will be resumed and refunds will be given to previous holders, and the dashboard will be restored.

ChainCatcher previously reported that Linear Finance was attacked on September 21, resulting in all LUSD liquidity on PancakeSwap and Ascendex being drained, causing the LUSD price to drop to zero. Linear announced on September 27 that the protocol was shut down for maintenance.

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