ChainCatcher news, Linear Finance officially announced on social media that it will launch a new product in a few weeks that will change the game for Linear Finance.

ChainCatcher message, the DeFi synthetic asset protocol Linear Finance officially announced on social media that it will soon launch Linear Marketplace, which will include features such as peer-to-peer NFT trading and token sales. The specific date will be announced tomorrow.

ChainCatcher news, DeFi synthetic asset protocol Linear Finance stated that LINA and LUSD rewards have been distributed, please claim your rewards as soon as possible through buildr.linear.finance.According to Web3 asset data platform RootData, Linear Finance is a cross-chain compatible synthetic asset protocol that allows users to gain synthetic risk exposure to various assets, including cryptocurrencies, commodities, and market indices.

According to ChainCatcher news, data from RootData shows that the Linear Finance token (LINA) has increased by 39.23% in the last 24 hours, currently priced at $0.013.Additionally, the Web3 asset data platform RootData indicates that Linear Finance is a cross-chain compatible synthetic asset protocol that allows users to gain synthetic risk exposure to various assets, including cryptocurrencies, commodities, and market indices.

ChainCatcher news, according to official sources, the DeFi synthetic asset protocol Linear Finance has announced the 2024 roadmap for Linear 2.0, which mainly includes:April: Upgrade cross-chain bridge using Chainlink and launch LLM-based smart Linear Chatbot;May: Achieve ultra-fast transaction settlement and launch AI-driven market sentiment indicators;June: Conduct community-driven synthetic asset expansion;Q3 to Q4: Launch new markets and P2P trading platform.

ChainCatcher news, the Near ecosystem restaking platform linear protocol announced the launch of the governance token LNR, which will be distributed to active community members through a Genesis airdrop. Users can log into their NEAR wallet to claim LNR rewards before April 15, 2024. LNR will grant holders governance powers, including participation in staking and restaking strategies, multi-chain deployment decisions, and more.The total supply of LNR for the Genesis airdrop is 1 billion tokens, of which:10% will be distributed through airdrops to LiNEAR stakers;9% will be used for team incentives for one year, followed by linear vesting over the next three years;11% of the tokens are reserved for future airdrops;8% for protocol development;12% for marketing and operations;27% for community programs;23% will be stored in the DAO treasury.

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.

ChainCatcher message, the DeFi protocol Linear Finance, which was previously attacked, stated on social media that it will soon reopen the protocol Linear 2.0 and fully restore the mining pool, as well as launch a new website and brand, along with an order book DEX and multi-collateral staking services.In addition, Linear Finance also stated that it will introduce artificial intelligence.

ChainCatcher news, the DeFi synthetic asset protocol Linear Finance, which was previously attacked, tweeted that it has completed the issuance of all new liquidity assets on the BNB Chain. Except for LUSD, which retains its original name for technical reasons, all new liquid assets end with L (BTCL). Linear Finance stated that the team is conducting a rehearsal on Ethereum before rebuilding the PancakeSwap pool and reopening the protocol.Previous news, on September 26, Linear Finance announced that it has undergone maintenance, and user LINA assets are secure.

ChainCatcher news, the DeFi synthetic asset protocol Linear Finance announced that the protocol has been closed and is undergoing maintenance to recover from the damage caused by the attack on September 21. User LINA assets are safe.ChainCatcher previously reported that the DeFi synthetic asset protocol Linear Finance stated that the Linear stablecoin LUSD is suspected to have encountered a vulnerability attack. During the team's investigation, please do not purchase LUSD and do not trade LUSD. Liquidation has been suspended, and user accounts will not face any risks. Further updates will follow.

ChainCatcher news, the DeFi synthetic asset protocol Linear Finance has initiated a vote on the handling plan for the LUSD attack incident. Linear Finance has provided four handling options: permanently disable all current liquid assets and release all collateralized LINA tokens to the community; utilize upgradeable smart contracts for a comprehensive recovery; redeploy the tokens; communicate with the attacker.ChainCatcher previously reported that Linear Finance announced it has suspended token minting, burning, or trading due to the depletion of LUSD liquidity caused by the attack.

ChainCatcher news, the DeFi synthetic asset protocol Linear Finance announced that it was attacked on September 21, resulting in all LUSD liquidity on PancakeSwap and Ascendex being drained, and the price of LUSD dropping to zero. The attacker minted LAAVE without restrictions and traded it for LUSD on Linear Exchange, then sold it on PancakeSwap and Ascendex.To protect the protocol, assets, and users, the Linear team has taken the following measures: suspending all protocol contracts that allow token minting, burning, or trading; disabling the Linear bridge contract for LUSD; hiring a leading industry team to track down the attacker and bring them to justice; sharing known wallets involved in this attack with all major trading platforms and authorities.Previous news, Linear Finance stated that the Linear stablecoin LUSD is suspected to have encountered a vulnerability attack. During the team's investigation, please do not purchase LUSD and do not trade LUSD. Liquidation has been suspended, and user accounts will not face risks. Further updates will follow.