Cross-Chain Intentions

As you all may know, intention has always been to go cross-chain. It is a good way for Linear to gain more exposure, as well as to open up Linear to a much wider audience and potential users. It also allows to get the best for each chain, for example, the composability with different DeFi projects on Ethereum, the lower gas fees on BNB Chain and the interoperability on Moonbeam.

This cross-chain strategy not only allows users to trade on their preferred chains but also allows to take advantage of the unique benefits that each specific chain can bring to the table.

Product and Technical Considerations

Given our cross-chain intentions, our product team has considered numerous ways to build proof of concept for shared debt pools across blockchains. However, it is just not feasible due to tech limitations and security considerations. The most elegant technical solution that we came up with, was to launch on another chain with a separate token.

In addition, the Athos team is also working hard to upgrade its debt pool to multi-collateral, providing extra utility to $LINA. We will also look to introduce $ATH as collateral on Linear once Athos is launched. This will allow Linear and Athos to operate more seamlessly down the road.

Community

Even though we decided to launch Athos Finance, the Linear community has always been at the heart of the expansions to new chains. This also explains why we are conducting Chaotic and Athos airdrop for Linear users. On the other hand, launching Athos Finance also allowed us to provide an opportunity for the Moonbeam community to get involved in the early stage of the project.

The Linear team is committed to staying at the forefront of DeFi. Our cross-chain strategy ensures exposure to emerging tech, as well as potential partnerships with other innovative projects in newer ecosystems.

Last but not least…

Athos Finance airdrop for Linear debt holders has already begun. Be sure to claim yours before the deadline is over! 

In the meantime, you can also participate in the highly-anticipated IDO on StellaSwap. KYC will run until 11 August 1400 UTC, with IDO officially launching on 12 August 1400 UTC. 

About Athos Finance

Athos Finance is the first decentralized delta-one asset protocol on Moonbeam. It provides users with on-chain price exposure through synthetic assets with infinite liquidity and no slippage.

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.