Balanced Dollars (BNUSD)

Balanced Dollars (BNUSD) is a stablecoin that serves as a finance hub for the ICON Network. It allows users to mint, swap, supply crypto, and vote to shape the future of Balanced. By leveraging ICX as collateral, users can mint up to 67% of the value in bnUSD, equivalent to 1 USD. The decentralized exchange on Balanced offers deep liquidity pools for assets on the ICON Network, allowing users to trade easily. Additionally, users can earn Balance Tokens by minting bnUSD or providing liquidity to stake them to vote and earn network fees. Balanced aims to be a fast, affordable, and user-friendly DeFi platform for adoption in the decentralized finance ecosystem.

With Balanced, users can participate in the future of finance by taking advantage of its features. Users can swap between assets on the decentralized exchange, borrow Balanced Dollars (bnUSD), or supply liquidity to earn Balance Tokens. Staked BALN gives users voting rights and a share of the network fees. Inflation gradually decreases over time, making early participation beneficial for shaping the future of finance. However, it is important to note that Balanced’s goal is to become the future of finance, but this is a decentralized experiment, and nothing is guaranteed. Users are advised to use the platform at their own risk.

Users can also earn various rewards by utilizing Balanced. By minting bnUSD or supplying liquidity, users can earn network fees, loan rewards, liquidity rewards, staking rewards, and liquidation rewards. Stake your Balance Tokens to receive a share of the network fees. Moreover, advanced traders can set up a bot to liquidate under-collateralized positions for a discount. Balanced offers automatic staking, where users can swap ICX for sICX, an ICX staking pool share, to earn staking rewards over time. Users also have the option to unstake instantly by swapping sICX for ICX, albeit with a 1% fee. Balanced provides a stable currency on the ICON Network by using ICX as collateral to mint Balanced Dollars (bnUSD), which is tied to the value of the US dollar. Users can borrow bnUSD with a one-off 0.75% fee or buy it on the Balanced exchange. The platform also offers a decentralized exchange where users can swap assets, including BALN, bnUSD, sICX, and ICX. Balanced is audited for security, reducing the risk of smart contract bugs. However, users are advised to invest only what they can afford to lose.