Balanced: the one-stop-shop for ICX holders

Staking without Balanced

Staking with Balanced

  • Borrow Balanced Dollars (bnUSD) and trade it for ICX, then stake the ICX in Balanced to increase your staking rewards.
  • Borrow bnUSD and buy ICX, then convert it to another stablecoin to earn interest in DeFi on the Ethereum blockchain. You can borrow bnUSD for 0% interest, so you’ll make money no matter what the interest rate is on other DeFi platforms.
  • Borrow bnUSD and use it to trade on the Balanced DEX.

Risks

  • Smart contract risk — We will have audited contracts, but there’s always the possibility of a bug or vulnerability in a smart contract that compromises user funds. It would not be possible to recover them.
  • Liquidation risk — If your collateralization ratio drops below 150%, you will lose all your collateral, but you will get to keep any borrowed assets.
  • Rebalancing risk — When you deposit ICX into Balanced, it’s used to keep a stable value of Balanced pegged assets (i.e. keeping bnUSD pegged to $1). Some of your collateral will be sold over time, but it will also lower your debt by an equal amount.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Balanced

Balanced

Balanced is a finance hub for the ICON Network. Mint a stablecoin called Balanced Dollars, swap and supply crypto, and vote to shape Balanced’s future.