Important Update Regarding ℓDEFI and ℓPLAY

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. There will be one final rebalancing of the indices in July 2023.

Price feeds will be updated on ℓDEFI and ℓPLAY until 31st July 2023 at 12:00 pm UTC, after which the terminal price will be set. Users are requested to close/sell their positions prior to the end of July 2023, however anyone who misses the deadline will still be able to sell at the terminal (final) price.

The price of ℓDEFI and PLAY will not be updated after 31st July 2023 12:00 pm UTC.

Additionally, we will update the UI by disabling the buy function for ℓDEFI and ℓPLAY. Holders of said indices will be displayed a reminder message when they use the exchange to notify them of the de-listings and a link to this post.

The team at Linear would like to thank PieDAO for providing us with their products. We invite our community to keep up with the latest news and events by checking the PieDAO website https://www.piedao.org/.

Kind regards,

Linear Finance Team

About Linear Finance

Linear Finance is a cross-chain compatible, decentralized delta-one asset protocol that allows users to get synthetic exposure to various assets, including cryptocurrency, commodities, and market indices. Users can utilize our cross-chain swap functionality to instantly swap assets across leading blockchain environments and DeFi protocols with unlimited liquidity and zero slippage.

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