Synthetics · Review
InactiveLinear Finance Review 2026: Closed Synthetics Protocol
Linear Finance was a BNB Chain protocol for creating and trading synthetic assets, but the team announced it was closing in March 2025 and Binance delisted its LINA token. It is no longer an active project.
By the DappsAtlas editorial team · Updated
DappsAtlas score
2.0/10
Weak
Our verdict on Linear Finance
2.0/10Linear Finance was a BNB Chain protocol for minting and trading synthetic assets, but it announced its closure in March 2025 after Binance delisted LINA. It is not a project to start using in 2026. Its delta-one design is still useful as an example of how synthetics work, but readers should treat it as a closed project. The main caveat is that residual contracts and the LINA token carry high risk with no active team to support them.
Score breakdown
How Linear Finance scores
- Security
- 3.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- n/a
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Linear Finance?
Linear Finance was a decentralized protocol on BNB Chain for creating, trading and managing synthetic assets. It described itself as the first cross-chain compatible, delta-one asset protocol. DefiLlama has tracked it since December 2021 in the derivatives category.
In March 2025, reports said the team was closing the project, citing financial struggles and Binance's decision to delist its LINA token by March 28, 2025. DefiLlama shows total value locked of about $4,853, a negligible amount for a protocol of this kind.
The homepage could not be fetched, and the project does not publish any current audit or team details that we could confirm. DefiLlama lists two audits, but their details are not given.
How Linear Finance works
Linear Finance was a synthetic asset protocol. Users locked collateral, typically the LINA token, and minted synthetic assets called Liquids that were meant to follow the prices of other assets. Price feeds from oracles told the system what each asset was worth.
The design is described as delta-one, which means the synthetic tokens move with the underlying price and have no option-like payoff. Users could then trade these tokens on the protocol's own interface or elsewhere, and manage their collateral to avoid liquidation.
The protocol was positioned as cross-chain compatible. DefiLlama lists BNB Chain as its chain, and it tracked only a few thousand dollars in total value locked at the end.
4 features
Key features
01
Synthetic asset creation
Users could create synthetic assets called Liquids that tracked the price of other assets without holding them directly.
02
Delta-one design
The protocol described itself as a delta-one asset protocol, meaning its tokens aimed to follow underlying prices one-to-one.
03
Cross-chain positioning
The project was pitched as cross-chain compatible, though DefiLlama lists only BNB Chain.
04
LINA token
LINA was the native token tied to the ecosystem, and it was listed on exchanges until its delisting by Binance.
Pros and cons
What we like
- It offered an early delta-one synthetic asset design aimed at tracking prices without owning the assets
- DefiLlama lists two audits for the protocol
- It had operated since late 2021, giving it a multi-year track record before closing
- Its stated cross-chain positioning was a distinct angle among synthetic asset protocols
Watch out for
- The project has shut down, so the protocol is no longer a usable product
- Binance delisted the LINA token by March 28, 2025, removing its main liquidity venue
- TVL has fallen to a few thousand dollars, which shows almost no remaining usage
- Synthetic asset protocols carry oracle, collateral and liquidation risks that the team can no longer manage
- The project's own website could not be confirmed, and no current audit or contact information is published
Linear Finance fees
Linear Finance's fee schedule is not covered, and the project does not publish current fees now that it is closing. Anyone looking at the old contracts would have to check the on-chain transaction costs and any protocol fees directly.
Because the protocol is winding down, fee comparisons are of limited use.
Is Linear Finance safe?
Linear Finance is shutting down, which is the main safety fact. A closing protocol has no active team to maintain contracts, update oracles or support users, so leftover positions carry elevated risk.
DefiLlama lists two audits, but the auditors and findings are not given here. Synthetic asset protocols rely on oracles and overcollateralization, and both can fail in stressed markets. The project does not publish licensing or regulatory information. Users should treat any remaining contract interaction as high risk and avoid unverified recovery offers.
5 steps
How to get started with Linear Finance
- 1
Do not deposit new funds into Linear Finance contracts, as the project has announced its closure.
- 2
Check official Linear Finance social channels, including its X account, for closure and withdrawal notices.
- 3
If you hold collateral or Liquids on BNB Chain, review your position through a trusted wallet and block explorer.
- 4
Follow only instructions from verified official accounts, and ignore unsolicited messages that offer recovery help.
- 5
Consider whether any remaining LINA holdings can still be traded on the decentralized venues you use.
Who Linear Finance is for
This page is for people who hold LINA or old Linear positions, and for readers researching how synthetic asset protocols work and fail. It is not for anyone looking for a live platform to trade on.
Linear Finance FAQs
Has Linear Finance shut down?
Reports from March 2025 say the team cited financial struggles and Binance's decision to delist LINA by March 28, 2025. The project announced it was closing its doors.
What was Linear Finance?
Linear Finance was a delta-one asset protocol that let users create, trade and manage synthetic assets it called Liquids. It was built to be cross-chain compatible, and its listed chain is BNB Chain.
What is the LINA token?
LINA was the protocol's native token. The project does not say how it will be handled after the shutdown, and Binance delisted it by March 28, 2025. Anyone holding it should look for official closure notices and not assume it can still be traded on major exchanges.
What does delta-one mean?
A delta-one asset tracks the price of an underlying asset one-to-one, with no optionality. Synthetic tokens that follow the price of a stock, commodity or crypto asset are examples.
Is it safe to use Linear Finance now?
No. The project is closing and its liquidity and support have gone. Interacting with leftover contracts carries risk, and users should only follow instructions from verified official channels.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.