On March 27, according to official sources, DeFi protocol Linear Finance announced it will cease operations, stating that despite years of dedication to innovation and development, the project failed to achieve sustainable returns, and apart from brief profitability in early 2019/2020, Linear Finance has faced increasingly severe financial pressures.
The project's funds primarily came from project owners' personal contributions and token liquidation, but this model is no longer viable. Binance's decision to delist the LINA token exacerbated the project's financial difficulties, causing a 65% market value reduction and significantly diminishing remaining operational funds.
Consequently, the project's primary stakeholders jointly decided to end operations. The operational team will contact users with active positions as soon as possible and provide a detailed timeline and guidance.
