Balanced, a cross-chain DeFi app, is now live on Injective, enabling borrowing of bnUSD stablecoin, cross-chain swaps, and transfers to chains like Arbitrum, Avalanche, and others. It uses General Message Passing (GMP) powered by IBC for seamless interoperability. Upcoming connections include Stellar.
Balanced has launched on Injective, its second Cosmos chain after Archway, allowing users to deposit INJ as collateral to borrow up to 67% in bnUSD stablecoin with low fees and fast 12-60 second finality. Users can perform cross-chain swaps and direct transfers to non-Cosmos ecosystems including Arbitrum, Avalanche, Base, BNB Chain, Havah, and ICON. The platform leverages General Message Passing (GMP) via IBC for reliable interoperability, with recent expansions and plans for Stellar, Optimism, Polygon, Solana, Sui, and Stacks. Detailed guides cover depositing collateral, borrowing bnUSD, swapping assets, and bridging, emphasizing isolated loan risks and wrapper-free transfers.
