线性融资在交易近五年后关闭

由于盈利障碍和上周其原住民代币的市值突然下降，线性融资在交易近五年后关闭。

Linear Finance is shutting down after nearly five years of trading, as the protocol faces profitability obstacles and a sudden drop in the market capitalization of its native token last week.

在交易近五年后，线性融资正在关闭，因为该协议在上周面临盈利能力障碍和其本地代币市值的突然下降。

The DeFi protocol has "struggled to generate sustainable returns" since its initial launch, a Thursday announcement read.

周四宣布，Fefi协议自初次启动以来一直在“努力产生可持续收益”。

"The project has been funded through a combination of personal contributions from the project owner and token liquidations. Unfortunately, this model is no longer viable."

“该项目是通过项目所有者和代币清算的个人捐款组合来资助的。不幸的是，该模型不再可行。”

Linear Finance offered exposure to real-world assets (RWAs) like commodities and forex markets through a crypto asset class called “Synthetics” or “Liquids.” These tokens allowed users to invest in RWAs via a decentralized platform without directly holding the underlying assets. Users could also buy LINA, the project’s native token, used as collateral to mint Linear’s native stablecoin LUSD and participate in governance decisions.

线性融资通过称为“合成学”或“液体”的加密资产类别提供了现实世界中的资产（RWA）（RWAS），例如商品和外汇市场。这些代币允许用户通过分散平台在RWAS上进行投资，而无需直接持有基础资产。用户还可以购买该项目的本地令牌Lina，用作Mint Linear的本地Stablecoin Lusd的抵押品，并参与治理决策。

On March 21, Binance announced LINA’s delisting, along with four other digital assets. The delisting was scheduled to take full effect on March 28. According to the protocol’s response on Telegram when it was announced, Linear Finance had no prior warning of the decision.

3月21日，Binance以及其他四个数字资产宣布了Lina的推荐。该妄想计划于3月28日全面生效。根据协议在宣布的电报上的响应，线性融资没有事先警告该决定。

"The recent decision by Binance to delist the LINA token accelerated these challenges, resulting in a 65% reduction in market capitalization and a significant loss of the remaining operational runway," Linear Finance said on March 27. According to the protocol, the decision to wind down operations was made "after careful consideration."

线性金融在3月27日表示：“毕业前口最近决定将丽娜·托肯（Lina）代币推理了这些挑战，从而使市值减少了65％，剩下的运营跑道大大损失。”

LINA’s market cap fell from about $14 million around March 21 to under $6 million at press time. The token was down over 23% as of writing, according to The Block's price page.

丽娜的市值从3月21日左右的1400万美元下降到了发稿时的600万美元。根据Block的价格页面，令牌的下降幅度超过23％。

Linear Finance added that it would provide an update on the plans for winding down the protocol and returning remaining value to LINA token holders.

Linear Finance补充说，它将提供结束协议并将剩余价值返回Lina Token持有人的计划的更新。

Earlier this month, Linear Finance announced that it would be suspending the synthesis of new Liquids and close all running Liquid markets. The protocol also announced that it would no longer be accepting new contributions to the Linear Ecosystem Fund.

本月初，线性融资宣布将暂停合成新液体并关闭所有运行的液体市场。该协议还宣布，它将不再接受对线性生态系统基金的新贡献。

Linear Finance is shutting down after nearly five years of trading. The protocol, which launched in 2018, was funded through a combination of personal contributions from the project owner and token liquidations. However, Linear says it faced an "ongoing challenge" to generate sustainable returns from its protocol.

经过将近五年的交易，线性融资正在关闭。该协议于2018年启动，是通过项目所有者和代币清算的个人捐款组合来资助的。但是，线性表示，从其协议中产生可持续的回报面临着“持续的挑战”。

Linear offers exposure to real-world assets (RWAs) like commodities and forex markets through a crypto asset class called “Synthetics” or “Liquids.” These tokens allowed users to invest in RWAs via a decentralized platform without directly holding the underlying assets. Users could also buy LINA, the project’s native token, used as collateral to mint Linear’s native stablecoin LUSD and participate in governance decisions.

线性通过称为“合成剂”或“液体”的加密资产类别提供接触现实世界中的资产（RWA），例如商品和外汇市场。这些代币允许用户通过分散平台在RWAS上进行投资，而无需直接持有基础资产。用户还可以购买该项目的本地令牌Lina，用作Mint Linear的本地Stablecoin Lusd的抵押品，并参与治理决策。

In a recent interview with Blockfolio founder and CEO, Ben Phillips, on the "Impact Investing" podcast, Linear founder and CEO, Simon Bogart, spoke about the importance of investing in protocols that are aligned with an investor's values.

在最近接受BlockFolio创始人兼首席执行官本·菲利普斯（Ben Phillips）的采访中，在“ Impact Investing”播客中，线性创始人兼首席执行官西蒙·博加特（Simon Bogart）谈到了投资与投资者价值一致的协议的重要性。

"I think it's really important for people to be investing in protocols and projects that they believe in and that are making a positive impact on the world," said Phillips.

菲利普斯说：“我认为对于人们投资于他们所相信的协议和项目并对世界产生积极影响的计划和项目非常重要。”

Linear also faced a setback last week after Binance announced the upcoming delisting of the LINA token, along with four other digital assets. The delisting was scheduled to take full effect on March 28. According to the protocol’s response on Telegram when it was announced, Linear Finance had no prior warning of the decision.

在Binance宣布即将到来的Lina Token以及其他四个数字资产的脱颖而出之后，Linarear上周还面临挫折。该妄想计划于3月28日全面生效。根据协议在宣布的电报上的响应，线性融资没有事先警告该决定。

"Recently, Binance has made the decision to delist the LINA token, which will come into effect on March 28," Binance announced. "The LINA token will be delisted from trading at 3 PM (UTC) on March 28. After the delisting, users will no longer be able to deposit or withdraw LINA on Binance, and the LINA/USDT trading pair will be closed."

Binance宣布：“最近，Binance决定将Lina Token脱颖而出，这将于3月28日生效。” “ Lina令牌将于3月28日下午3点（UTC）从交易中提取交易。在脱颖而出之后，用户将不再能够存入或撤回lina binance，而Lina/USDT交易对将关闭。”

"We understand that this news may be disappointing to some users, and we apologize for any inconvenience it may cause."

“我们知道，这一消息可能会让某些用户失望，对于可能带来的任何不便，我们深表歉意。”

Linear confirmed the delisting in a Telegram post on March 21. "We have no prior notice of this decision and are actively working to understand the implications."

线性在3月21日的电报帖子中确认了这一挑选。“我们没有事先通知该决定，并且正在积极努力理解这些含义。”

"This decision comes at a critical time for Linear as we are actively seeking new strategic partnerships to continue the project in a sustainable manner. The delisting from Binance will significantly impact the liquidity and visibility of the LINA token, which in turn will affect the project's ability to attract new users and contributors."

“这一决定是在线性的关键时刻，因为我们正在积极寻求新的战略合作伙伴关系，以继续以可持续的方式继续该项目。从Binance中提取的将极大地影响Lina Token的流动性和可见性，这反过来将影响该项目吸引新用户和贡献者的能力。”

Following the announcement of the delisting, the market capitalization of the LINA token dropped by 65%.

在宣布脱颖而出之后，丽娜令牌的市值下降了65％。

"This will further impact Linear's operational runway and ability to continue operating at its current capacity."

“这将进一步影响线性的运营跑道，并能够以当前能力继续运营。”

Linear said it was exploring all options to mitigate the consequences of the delisting and ensure the best possible outcome for LINA token holders.

Linear表示，正在探索所有选择，以减轻脱落的后果，并确保Lina令牌持有人的最佳结果。

"We are committed to keeping our community informed of any significant developments."

“我们致力于使社区了解任何重大发展。”