What is LUSD [OLD]?

Linear Finance is a decentralized delta-one asset protocol for creating synthetic assets called Liquids. It is described as supporting synthetic exposure to traditional assets such as commodities, forex, market indices, and thematic sectors. The protocol includes Linear.Buildr, a dApp for managing Liquids using Linear (LINA) and other tokens as collateral, and an exchange intended for trading Liquids with rapid confirmation times and robust security.

The description also refers to ℓUSD as an in-house protocol stable coin and synthetic USD token powered by Linear Finance. It states that ℓUSD could be built on the platform using LINA or purchased via decentralized exchanges. With ℓUSD, the protocol describes providing synthetic exposure to assets including cryptocurrency, commodities, and market indices.