3A, a decentralized lending protocol, recently announced its release on the Linea Mainnet. The company broke the news of the launch on its blog and announced key updates such as the cashback pool and whitelisted collateral. The company noted that the project will also offer redemption fees to the vault owner.
3A launches its credit protocol on Linea
The platform published a blog post detailing the project’s exclusive updates. While informing DAO members about the respective features, the company expressed firm belief in the future of the project. While justifying the choice of Linea for the launch, 3A mentioned that the EVMs have a huge impact.
In this way, the choice of Linea would potentially contribute to strengthening the company’s position in the crypto market. ConsenSys, the company that also created the Metamask wallet, powers Linea’s EVM equivalent platform. Linea uses lattice-based, quantum-resistant cryptography and develops zero-knowledge proofs. They include every transfer that takes place on the network.
Then the mainnet stores the respective proofs. With that in mind, Linea serves as the most appropriate forum to meet 3A’s requirements. With this partnership, 3A will reportedly offer easy-to-access profit strategies along with loans without any recurring interest. For this purpose, the platform will use EURO3 in the form of a payment token.
Vault owners will receive redemption fees instead of cashback pools
It clarified that holders can stake A3A tokens in the cashback pool. The stakers receive all of the base fees that the 3A platform collects. In addition, the costs are allocated proportionally, together with the cashback distribution. According to the latest updates, the redemption fees go to the vault owner instead of the cashback pool.