Liquidity pools, Savings Rate, and rewards go cross-chain

Balanced has taken the next step in its journey to offer a comprehensive cross-chain DeFi experience.

First came cross-chain trades. Then cross-chain loans. In December, BALN went cross-chain.

It’s time for the next phase.

Liquidity pools, rewards, and the Balanced Savings Rate are now cross-chain.

Supply liquidity for crypto on your favourite blockchain. Deposit bnUSD into the Savings Rate. And earn rewards across 10 chains.

Learn more about the new cross-chain features and how you can take advantage of them.

Supply liquidity on any chain

For almost 4 years, you needed an ICON wallet to supply liquidity on Balanced. No longer.

Liquidity is still held on ICON, but you can now supply it from any of Balanced’s 12 connected chains — Arbitrum, Archway, Avalanche, Base, BNB Chain, Havah, Injective, Optimism, Solana, Stellar, and Sui — which reduces the barrier to entry for liquidity providers from other ecosystems.

To supply liquidity on Balanced:

1. Go to the Trade page and open the Supply tab.
2. Choose the primary asset to supply, and pair it with bnUSD or sICX on the same chain.
3. Set the amount, then click Supply and follow the prompts to send your assets to the pool.

You’ll need to sign 3 transactions, and pay a transfer fee that varies per chain. Some pools offer incentives, so make sure to stake your LP tokens when prompted.

Use the cross-chain Savings Rate

The Balanced Savings Rate is a popular way to earn a return for bnUSD. But even though you could mint and trade bnUSD on every connected chain, you could only use the Savings Rate on ICON.

That restriction has been removed, so you can now deposit bnUSD across 10 blockchains.

To earn a return for bnUSD, visit the Rewards section on the Home page:

1. Choose which blockchain to use.
2. Click ‘Deposit bnUSD’ next to Savings Rate.
3. Choose the amount to deposit, then click Confirm and complete the transaction.

You’ll earn rewards until you withdraw, which will give you immediate access to your bnUSD.

Earn rewards on 10 chains

If you supply liquidity to an incentivised pool or deposit bnUSD into the Savings Rate, you’ll earn rewards for it.

Balanced distributes rewards in BALN, bnUSD, and sICX, so you can earn rewards on any chain these assets are compatible with (all except Archway and Havah).

Rewards accrue in real time, which you can claim from the Rewards section on the Home page whenever you have a balance available:

1. Choose which blockchain to use.
2. Click the Claim button next to Savings Rate and/or Liquidity Rewards.
3. Click Confirm and complete the transaction.

Go cross-chain with Balanced

Visit app.balanced.network to supply liquidity, invest bnUSD, and earn rewards on your favourite blockchains.

While you’re there, take advantage of Balanced’s comprehensive DeFi experience with cross-chain trades and loans.

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