Linear Finance (Announcements)
Systems Outage
Due to an outage at our cloud server Builder is currently unavailable, we have reached to them and hope to have normal service restored shortly.
We apologise and we appreciate your patience, thanks.
🌉 New Linear Bridge Update! We've supercharged the #LinearBridge with @chainlink's CCIP, launching a new era of faster, safer, and more reliable cross-chain transactions. 🚀
🔒 Powered by Chainlink’s trusted oracle network, the CCIP offers additional layers of protection and improved transfer rates, ensuring your assets move smoothly and securely.
👍 Thanks for your continued support as we optimize fees for cost efficiency. Your experience on #Linear is our top priority.
Stay tuned for updates as we continue to refine and improve!
$LINA #Chainlink #BNBChain #BNB
https://twitter.com/LinearFinance/status/1788579172178391340
Bridge Update
Our Linear Bridge has now successfully been upgraded from Wormhole to Chainlink's CCIP. Users will notice there is no longer a need for a second transaction confirmation on the receiving side, you simply execute the bridge and after a short time the funds will arrive back in your wallet on the receiving chain. Please also note that gas prices for using the bridge are under review and the team may adjust down the defaults to further reduce the price as long as the speed of the transaction remains acceptable. Current fees are in the region of $15 to bridge BNBChain to ETH and $40 from ETH to BNBChain. Thank-you for your ongoing patience and support.
Linear Bridge Update
The Linear Dev Team are upgrading our current bridge facility to be Powered by Chainlink's industry-standard oracle network, CCIP. The Cross-Chain Interoperability Protocol (CCIP) features additional layers of protection via the Risk Management Network and superior transfer rate limits. In order for the transfer to take place we require all users to complete their bridge transactions prior to 12:00 UTC on Monday 6th May, 2023 - after this time the current bridge will no longer exist and any funds in transit could be lost. We will be reinstating the bridge in it's new form at 12:00 UTC on Tuesday 7th May, 2023. We thank-you for your support in this important upgrade. 💪
💻 Explore the functionality of the #Linear Liquidator! Quickly address accounts where the P-ratio dips below 200% to safeguard the protocol’s health and help maintain an overall minimum P-ratio of 350%.
➡️ Liquidators earn 10% for their quick action, with an additional 5% going to those who mark the accounts for liquidation. This mechanism helps maintain market stability and incentivizes community vigilance.
💥 Take part in maintaining the integrity of #LinearFinance’s ecosystem and benefit from swift, impactful actions.
😎 Experience proactive #DeFi management with Linear 2.0 as we advance #crypto trading.
$LINA #BNBChain #BNB
https://twitter.com/LinearFinance/status/1785985679513764108
WEEK 175 REWARDS
$LINA 2,155,166 + $LUSD 277
Reminder: $LINA and $LUSD rewards have been distributed, please claim these rewards via https://buildr.linear.finance at your earliest convenience.
#Linear #BNBChain #BNB
https://twitter.com/LinearFinance/status/1785693099559473424