Balanced

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Balanced

Balanced is a cross-chain DeFi platform providing a money market and exchange across multiple blockchains. The money market enables users to supply crypto assets to earn variable-rate interest and borrow against cross-chain collateral. The exchange aggregates prices from multiple decentralized exchanges via SODAX Intents, settling cross-chain swaps within seconds. The bnUSD stablecoin is accessible as a fixed-rate borrowable asset, backed by over-collateralized crypto collateral.

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Balanced

Balanced is a cross-chain DeFi protocol founded April 2021 on ICON blockchain, offering a DEX, money market (17 assets, 0.1 percent borrow fee), and the bnUSD stablecoin (2 percent fixed rate, 20-plus collateral types). In 2024 it expanded from 2 to 12 chains including Solana, launched intent-based trading with sub-6-second settlement, and passed 64 governance votes. May 2025: ICON Foundation absorbed Balanced as SODAX on Sonic; governance retired; BALN and ICX migrated 1:1 to SODA (1.5B fixed supply). Balanced v2 in 2026 runs a money market and intent exchange across 13 chains. Solana integration uses ICON GMP for cross-chain collateral and swaps.

Note: inclusion in Solana Compass directory does not indicate a recommendation or endorsement of this project, its token(s) or its products. Data sourced with thanks from The Grid to aid in building these pages.