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Linear Finance a defi cross chain synthetic assets trading platform receives funding

Linear Finance,  a cross-chain compatible, decentralized delta-one asset protocol,  which cost-effectively and instantly creates, manages, and trades synthetic assets with unlimited liquidity. Built on Ethereu and other Blockchain protocols Linear has recently received 1.8 million USD in financing.  The LINA token will be used for staking in our collateral pool, liquidity mining, governance and buying synthetic “Liquids” on investment assets with infinite liquidity and no slippage. 
Linear will provide 360° Investment Exposure with Liquids ranging from digital assets, commodities, forex, market indices, and even thematic indices.  With cross-chain compatibility, Linear is solving the speed/scalability and frontrunning issues of price oracles with existing synthetic asset protocols. Linear is integrating with EVM compatible blockchains such as Binance Smart Chain as layer two solution, with a much higher TPS, low block time (average of 3 seconds), and around only one-tenth of gas fees.
In recent days, Linear Finance has raised $1.8M in financing led by key strategic investors including NGC Ventures, Alameda Research, Hashed, CMS Holdings & Genesis Block. The investment rounds are also joined by Evernew Capital, Soul Capital, Moonrock Capital, Black Edge Capital and the founders of Panony.
“With DeFi, we are experiencing one of the most significant and important shifts in our cryptocurrency ecosystem. As we push to resolve issues we see in existing synthetic asset protocols such as poor usability, structural inefficiencies, and high systemic risk, we have selectively chosen strategic investors to partner with. Our strategic investors bring not only tactical knowledge and experience in the ever-changing DeFi space but also intelligence in areas such as financial innovation, key market expansion/adoption, and roadmaps to institutional liquidity.” said Kevin Tai, Co-Founder of Linear Finance. 
“We are excited to start the journey with Linear Finance alongside other notable investors. We are impressed by the team’s experience across both the blockchain and financial markets space. Synthetic asset creation is a key part of the DeFi ecosystem and we believe Linear will emerge as a leader in this space.” said Mr. Tony Gu, Managing Partner of NGC Ventures.
Linear Finance is now integrating with Binance Smart Chain as a layer-two solution to solve issues that existing synthetic asset protocols face. The team is also actively collaborating with major DeFi players. Last week Linear Finance announced partnership with Tellor as one of the selected oracle providers to implement their decentralized Ethereum oracles.
Linear claims that it has resolved the problems facing synthetic exchanges in a number of ways such as cross chain compatibility which resolves scaling issues and gas issues as well as provides expanded interoperability. Secondly the cross chain compatibility opens a pathway to new markets and users. 


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