<p>Dear Linear Community,</p>
<p>Since<a href="https://medium.com/athos-finance/introducing-athos-finance-dfca8f563ca2" rel="noopener noreferrer nofollow"> the announcement of Athos Finance</a>, we have received a lot of community feedback regarding our decision to launch on Moonbeam with Athos Finance as a separate project instead of through the Linear brand. Therefore, today we decided to elaborate more on our thought process along the way and why we thought this is the best for the Linear community as a whole.</p>
<h3 id="strong-cross-chain-intentions-strong"><strong>Cross-Chain Intentions</strong></h3>
<p>As you all may know, our intention has always been to go cross-chain. We believe 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 us 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.</p>
<p>Our cross-chain strategy not only allows users to trade on their preferred chains but also allows us as a project to take advantage of the unique benefits that each specific chain can bring to the table.</p>
<h3 id="strong-product-and-technical-considerations-strong"><strong>Product and Technical Considerations</strong></h3>
<p>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.</p>
<p>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.</p>
<h3 id="strong-community-strong"><strong>Community</strong></h3>
<p>Even though we decided to launch Chaotic and&nbsp; 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 Chaotic and Athos Finance also allowed us to provide an opportunity for the Kusama/Polkadot communities to get involved in the early stage of the project.</p>
<p>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.</p>
<h3 id="strong-chaotic-finance-on-moonriver-strong"><strong>Chaotic Finance on Moonriver</strong></h3>
<p>Chaotic Finance is Linear Finance integration on the Kusama network via the Moonriver parachain. The team decided to first launch Chaotic earlier this year on Moonriver since it is intended to work as a canary network to Moonbeam on Polkadot.</p>
<p>One of the main reasons for deploying Chaotic on Moonriver instead of any of the other parachains is their EVM compatibility. Developers are able to run existing Solidity smart contracts on the network without having to reconfigure. This means that existing Ethereum projects are able to deploy on Moonriver by simply replicating their dApps on the network.</p>
<p>Chaotic Finance is the first community-driven delta-one asset protocol on Moonriver. $CHAOS, the protocol’s utility token will also serve as Chaotic’s governance token and will allow for&nbsp; essential aspects of the protocol to be voted on and decided by Chaotic’s users.</p>
<h3 id="strong-athos-finance-on-moonbeam-strong"><strong>Athos Finance on Moonbeam</strong></h3>
<p>Similar to Chaotic, Athos Finance is Linear’s integration on Polkadot via Moonbeam. The Athos Finance team is being led by Kelvin Lam who’s been doing a terrific job so far. They recently just held Athos utility token, $ATH’s IDO, which sold out within the first 48 hours.</p>
<p>Once their first dApps are deployed, Athos Exchange and Athos Buildr, the team will focus on adding multi-collateral staking to the project which will make it the first protocol from the Linear Finance family to have this feature. Efforts are being made to bridge $LINA to Moonbeam to eventually allow it to be used as one of the tokens to use as collateral to build athUSD, Athos stablecoin used to trade synthetic assets on the Athos Exchange.</p>
<h3 id="strong-the-future-of-linear-strong"><strong>The Future of Linear</strong></h3>
<p>One thing we can guarantee is that the team at Linear Finance will continue building. It appears to be that the DeFi space is moving towards L2s, so it would seem like the reasonable next step for the project.</p>
<p>Once we have more information regarding the future of Linear we will be sure to post on our official social media channels, so be sure to stay put.</p>
<p>Kind regards,</p>
<p>Linear Team</p>
<h4><strong>About Linear Finance</strong></h4>
<p>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.</p>
<p><a href="https://linear.finance/" rel="noopener noreferrer nofollow">Website</a> |<a href="https://exchange.linear.finance/" rel="noopener noreferrer nofollow"> Exchange</a> |<a href="https://discord.gg/xhhsvTY2sS" rel="noopener noreferrer nofollow">Discord</a> |<a href="https://twitter.com/LinearFinance" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://t.me/linearfinanceannoucements" rel="noopener noreferrer nofollow"> Announcements</a></p>

The Importance of Being a Cross-Chain Protocol

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Linear Finance

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