Linear Finance — Nomad Strategic Partnership Announcement
Dear Linear Community,
We are proud to announce we are partnering with non-other than the Nomad Protocol. Nomad is an optimistic interoperability protocol that enables seamless message passing between blockchain networks.
As you may know, Athos Finance, Linear’s integration on the Polkadot network, will soon be launching on Moonbeam. The Linear Finance — Nomad partnership will allow us to bridge LINA tokens onto the Polkadot network, specifically to the Moonbeam parachain, and be used as collateral on Athos Finance. This means that LINA holders will be able to stake their LINA tokens on Athos, mint athUSD, and trade on Athos Exchange!
Linear being the first decentralized cross chain compatible delta one asset protocol, it made perfect sense to partner with Nomad and enable this use case for our native token, LINA. Initially, we will set up an Ethereum — Moonbeam bridge, followed shortly after by a BNB Chain bridge.
Nomad Protocol allows for seamless message passing between blockchains and aims to provide the most secure cross-chain infrastructure to enable developers and users to interact safely on multiple chains.
On top of this, Nomad’s design allows for substantially cheaper cross-chain communication (~90% lower) without needing header verification. Using technology similar to Optimistic Roll-ups, allowing public verification, low gas fees, and broad participation. To learn more about Nomad, please visit their website at nomad.xyz.
Expect more news on this partnership in the near future as we get closer to launching the first bridge.
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.