DeFi protocol Linear Finance announced that it will cease operations

BlockBeats news, on March 27th, according to official sources, DeFi protocol Linear Finance announced that it will cease operations, stating that despite years of innovation and development efforts, the project has failed to achieve sustainable returns. Apart from a brief profit in early 2019/2020, Linear Finance has been facing increasing financial pressure. The funding for the project mainly comes from the personal contributions of the project owner and token clearing, but this model is no longer feasible. Binance's decision to delist LINA tokens has exacerbated the financial difficulties of the project, resulting in a 65% decrease in market value and a significant reduction in remaining operating funds. Therefore, the main stakeholders of the project jointly decided to terminate the operation. The operations team will contact users with active positions as soon as possible and provide detailed schedules and guidance.