Balanced Network's Q3 2024 update details progress on cross-chain expansions including audits and deployments on Stellar, Solana, and Sui. Key achievements include launching cross-chain loans, a soft liquidation model, and new collateral types. Upcoming Q4 plans feature full Stellar launch alongside intent-based trading and more blockchain integrations.
In Q3 2024, Balanced contributors completed smart contract audits for Stellar, Solana, and Sui, deployed contracts on these chains, and prepared Stellar for imminent launch. They introduced cross-chain loans on Injective and Sui, upgraded to a soft liquidation model, and added collateral like INJ, tBTC, SUI, and others. Front-end improvements enabled borrowing bnUSD across chains, with governance proposals approving Stellar integration and new features. The DAO earned $42,710 in fees, burned ICX for enshrinement, and saw increased holdings. Q4 plans include Stellar, Solana, Optimism, Polygon, and Stacks launches, plus intent-based trading and cross-chain liquidity.
