Linear Finance announced its closure following substantial financial challenges exacerbated by Binance’s decision to delist its LINA token. This delisting resulted in a 65% drop in the token’s market capitalization, compelling the project to wind down operations.
The operations team at Linear Finance will soon communicate with users, providing guidelines for liquidating their positions across decentralized applications. While the project ends, its contributions to DeFi will not be overlooked.
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