27.3.2025 | DeFi Protocol Linear Finance Announces It Will Shut Down
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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.
LINA
16.05%
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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