Weekly Rewards Breakdown: October
Dear Linear Community,
It’s that time of the month again, an in-depth breakdown of the past weeks staking rewards.
The backbone of Linear Finance is the staking of LINA tokens. LINA tokens are staked and used as collateral to mint ℓUSD. Rewards to stakers are locked for 12 months before they can be freely tradeable. LINA collateral pool is the lynch-pin that enables trading without a counterparty to become a truly decentralized platform. 4,000,000,000 LINA tokens were allocated towards staking rewards, making up 40% of the initial token supply.
Staking rewards are distributed on a weekly basis and have a 2-week claiming period after which they are forfeited, and subsequently rolled over and shared with the other stakers.
The below table will give you an overview of the LINA rewards during October.
Stakers also earn ℓUSD from the trading fees on Linear Exchange. The trading fee is 0.25%, of which 70% goes to stakers, and 30% goes to the Foundation.
The below table will give you an overview of the LUSD fees collected during October.
We look forward to providing you with the next breakdown in a month.
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.