Balanced's Q1 2025 update details major cross-chain expansions including support for Stellar, Polygon, and others, with launches of cross-chain Savings Rate, liquidity pools, and rewards. The project announces a transition to SODAX as part of ICON's shift to a DeFi platform, with PARROT9 taking ownership. Financials show $50k in fees earned, alongside governance and enshrinement progress.
Balanced contributors advanced cross-chain functionality in Q1 2025, upgrading smart contracts for Savings Rate, liquidity pools, and rewards across 13 blockchains including Polygon, Stellar, ICON, and Solana. Key launches included cross-chain features, intent-based trades with 'exact_out' support, and new SDKs, alongside front-end improvements like blockchain filters and Stellar trustline handling. The update highlights ICON's SODAX transition, merging with Balanced to form a unified DeFi platform, with token migrations planned for bnUSD and BALN to SODA. Marketing efforts featured blog posts, co-campaigns boosting Sui collateral, and upcoming Stellar initiatives. Governance saw 6 proposals passing upgrades, while the DAO earned $50,955 in fees, distributing to bBALN holders and burning ICX for enshrinement. Q2 plans focus on full intent rollout and SODAX preparations.
