Balanced, a cross-chain DEX and stablecoin protocol, has launched on Stellar. The platform enables swaps across 12 blockchains, minting of the BNUSD stablecoin backed by 18+ assets, and borrowing at 2% annual rates with savings yields over 15%.
Balanced, a cross-chain DeFi protocol originally built on ICON, has launched on Stellar as part of a partnership between ICON and Balanced. The platform offers multiple DeFi primitives: a stablecoin exchange (BNUSD), cross-chain swaps across 12 blockchains including Solana, Sui, and Stellar, and a collateralized debt position (CDP) product allowing users to borrow against 18+ assets at 2% annual interest. BNUSD maintains its peg through over-collateralization and a stability fund enabling one-to-one swaps with USDC and USDT. Balanced recently launched intent-based trading between Sui and Arbitrum and plans to expand this functionality. The protocol is governed by BALN token holders and benefits from ICON network liquidity emissions. Contracts on Stellar have been audited by Coinspect. Future plans include integrating Stacks and expanding intent-based trading capabilities.
