Linear Finance Launches Synthetic Assets Exchange Secured by Band Protocol on Mainnet
Linear Finance, a cross-chain compatible derivative asset protocol to cost-effectively and instantly create, manage, and trade synthetic assets with unlimited liquidity has launched onto the Mainnet with the integration of Band Protocol! With both teams working tirelessly in the last two months, users will find a synthetic asset trading experience that boasts frequently updated pricing from Band oracles for all assets, coupled with fast and cheap on-chain execution with fees in the mere cents on Binance Smart Chain.
The Linear Finance vision is to bring a synthetic asset exchange that is easy to use, fast, and cost-efficient while maintaining cross-chain compatibility to the market, and it is now ready for user interaction. In addition, all the synthetic assets (liquids) built on Linear.Exchange are composable and can be swapped to ERC-20 enabling users to access both BSC and ETH DeFi ecosystems easily through our Linear Swap functionality.
Securing Another Gateway For The Traditional Financial Market
Band Protocol is providing real-time prices for a variety of initial synthetic assets upon the Linear Finance launch. The feeds which are live on the BandChain decentralized oracle network update every 60 seconds and continue to be optimized by both teams for additional redundancy and security guarantee through increasing institutional-grade and premium data providers.
Here is a list of the initial Liquids (synthetic assets) powered by Band Protocol:
Crypto Assets
ℓBTC — Bitcoin
ℓETH — Ethereum
ℓXRP — Ripple
ℓLINK — Chainlink
ℓTRX — TRON
ℓDOT — Polkadot
ℓYFI — Yearn Finance
ℓBNB — Binance Coin
Commodities
ℓXAG — Gold
ℓXAU — Silver
ℓOIL — Brent Crude Oil
Looking Forward
Band Protocol is excited to support Linear Finance, one of the first synthetic asset exchanges on Binance Smart Chain with built-in Ethereum composability. This will bring 24-hour trading to commodities and traditional equities as we expand to support even more assets with Linear Finance.
Check out Linear Finance’s guide on interacting with Linear.Exchange:
About Linear Finance
Linear Finance is the first cross-chain compatible decentralized synthetic asset protocol to create, trade, and manage synthetic assets (Liquids), and acts as a faster, cheaper, safer, and easier to use alternative compared to other synthetic asset protocols. Our goal is to democratize investment assets and provide creative thematic exposures to our users while also solving existing scaling/high gas fee issues and increasing composability. Linear Finance’s strategic investors include NGC Ventures, Hashed, Genesis Block, CMS Holdings, Alameda Research, Kenetic Captial, Evernew Capital, Soul Capital, Black Edge Capital, Moonrock Capital, DuckDao, Vendetta Capital.
Website | Whitepaper | Telegram | Medium | Twitter | | Github
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github
