Balanced: the DeFi platform coming to ICON, explained

How does Balanced work?

Receiving ICD

What about staking rewards?

  • Endure the duration of the unstaking period, however long that may be based on network conditions.
  • Pay a nominal fee to utilize Balanced’s decentralized exchange (DEX) to swap their ICX for sICX.

What keeps ICD stable?

Meanwhile…

What’s in it for me?

  • Adjustments to fees
  • Adjustments to the unstaking period
  • Adjustments to collateral ratios
  • Adding new pegged tokens
  • sICX : ICX
  • ICD : ICX
  • Balance Tokens : ICX

What’s in it for ICON?

Greater utility

Disincentive to sell

Stability

Strengthening the ICON economy

Conclusion

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
ICONOGRAPHER

ICONOGRAPHER

ICON contributor and analyst, ready to hyperconnect the world. Twitter: @iconographerICX