Balanced Network (Icon Foundation)

Project Type

Platform

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.

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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 September 2024 Report View Report
Audit Name Balanced Smart Contract Audit Progress Security Rating
Secure
Languages Solidity Last Audit June 2024 Report View Report