Balanced Network (Icon Foundation)

Project Type

Defi

Platform

ETH, EVM

Description

The Balanced protocol is a decentralized platform that allows users to mint a stablecoin called Balanced Dollar (bnUSD) by depositing cryptocurrency as collateral. bnUSD is pegged to the US Dollar and its value is maintained through over-collateralization, liquidation mechanisms, and the Stability Fund, which allows 1:1 swaps with other stablecoins.

Users can also earn rewards by depositing bnUSD into the Savings Rate, providing liquidity, and taking advantage of arbitrage opportunities. The protocol supports various collateral types and operates on multiple blockchains.

Site Link

balanced.network

Audit Name	Progress	Security Rating	Languages	Date of Audit	Audit Report
Audit Name Balanced 2nd Smart Contract Audit	Progress	Security Rating Secure	Languages Rust	Last Audit August 2024	Report View Report
Audit Name Balanced Smart Contract Audit	Progress	Security Rating Secure	Languages Solidity	Last Audit June 2024	Report View Report

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