According to ChainCatcher, the DeFi protocol Linear Finance has announced that it will cease operations, stating that despite years of innovation and development efforts, the project could not achieve sustainable profitability. Apart from a short profitable period in early 2019/2020, Linear Finance has faced increasingly intense financial pressure.
The project's capital primarily came from personal contributions of project owners and token liquidation, but this model is no longer viable. Binance's decision to delist the LINA token has further exacerbated the project's financial difficulties, causing a 65% market value decline and significantly reducing the remaining operating capital.
Therefore, the project's key stakeholders have jointly decided to terminate operations. The operational team will contact active users as soon as possible and provide a detailed roadmap and guidance.
