Closure Notice – Operations Update
To our valued community,
It is with much regret that the Linear Operations Team now write to advise you to leave the project. Many of us have worked alongside you for nearly five years, and we share in the disappointment this brings. While this outcome was not what anyone hoped for, we remain committed to supporting all users during this transition, within the boundaries of the instructions provided by the project’s owners and investors.
Below you’ll find the essential details to help you safely exit your positions, along with the key dates to be aware of. If you need assistance, support remains available until the closure date—primarily via our Telegram group, and secondarily on Discord.
Exit Your Positions
We strongly recommend that all users exit their positions as soon as possible. Liquidity will become increasingly limited over time. Additionally, once Binance completes the delisting of the LINA token, market access may be further reduced.
Shutdown Timeline
Final Closure: Weds, 2 April 2025 at 12:00 PM UTC
At this time, the Linear suite of dApps will go offline, except for a Burn and Unstake Portal, which will remain available to:
- Unstake tokens from staking and exit
- Burn LUSD, if necessary, to clear debt and enable unstaking
Immediate Actions to Take
Locked Staking Rewards
All remaining locked and vesting rewards (originally scheduled to vest over the next 12 months) have been moved to your staked balance. These can now be unstaked and withdrawn, subject to your debt position.
Builder
Repay any outstanding Builder debt and unstake any collateral (LINA or other tokens).
Synthetic Exchange
Remaining liquid assets should be converted to LUSD via the Synthetic Exchange, and then sold on PancakeSwap. Terminal prices for all liquid assets have already been applied. Only conversions into LUSD are now supported.
Bridge
The ETH/BSC and BSC/ETH bridges for LINA and LUSD will close permanently at shutdown. No cross-chain transfers will be possible after this point.
Liquidator
The Liquidator has already been switched off
Marketplace
The Marketplace has already been closed. No active listings remain, aside from those previously managed by the team.
PerpDEX
The PerpDEX will be shut down at the closure time. All users must exit positions and withdraw funds well in advance to avoid potential loss.
Community Channels
Telegram and Discord will remain open until the shutdown date, after which the chat functionality will be disabled.
Thank you for being part of the Linear Finance journey. We are here to support you during this final phase. Please remain respectful to all team members throughout this process.
Sincerely,
The Linear Operations Team