Linear Finance
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Linear Finance

Linear Council Epoch 3 Process

Dear Linear Community,

We are nearing the end of the second Linear Council epoch and are in the midst of opening up the 3rd LC election. With this in mind, we have created this post to outline the election process for both existing LC and new community members to join the council.

Linear DAO Overview

The Linear governance model is set up with the following goals in mind:

The Linear Council is the governing council composed of community members who are heavily invested in the Linear Ecosystem and its future. The Linear Council is responsible for overseeing the DAO and ensuring it runs smoothly in representing the community. It also acts as a gatekeeper for the protocol and can veto any Propositions that might be detrimental to the Linear ecosystem.

Epoch 3 Election Process

Same as the current epoch, in the next epoch the LC will consist of 4 members, both the current LC and pDAO believe this is the ideal number of council members to distribute their responsibilities.

The nomination process for Epoch 3 will be the same as the previous two epochs.

There will be a one-week period from Monday, October 17, until October 23 at 15:00 UTC for the community to nominate members by creating a forum topic in the Linear Council Candidate Nomination Category.

Current LC members will be automatically nominated for this coming Epoch. They are welcome to update their original nomination proposal on the Linear DAO Forum and let community members know they are running for re-election.

Note that in order for nominees to post their nomination for voting on Snapshot they will need a minimum of 500k LINA (79 vLINA), this includes STAKED and LOCKED LINA tokens.

Snapshot voting will be open from Monday, October 24th, and will have it run for one week until October 31st.

Linear Council members for the third epoch will be announced on Tuesday, November 1st.

Good luck to everyone,

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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