Rewards are about to end
Balanced’s legacy Savings Rate and liquidity pools will stop earning rewards in March.
Earlier this month, the ICON Foundation announced that the ICON blockchain will move into maintenance mode by the end of March. ICON incentivises the Balanced Savings Rate and ICX/sICX liquidity pool, so these rewards are about to come to an end.
- Savings Rate rewards end on March 2.
- Liquidity rewards end on March 13.
After Balanced retired governance in November 2025, sICX was the only asset left to incentivise activities. When sICX rewards stop, there’s zero incentive to hold your funds in the Savings Rate or any liquidity pool.
From March 14, you should:
- Withdraw all funds from the Savings Rate and/or liquidity pools
- Claim your final rewards
- Unstake sICX
- Migrate your assets: bnUSD(old) > bnUSD and ICX > SODA
What’s next for Balanced?
ICON’s transition marks the end of support for Balanced’s legacy features, but it’s far from the end for Balanced. We plan to launch Balanced v2 near the end of March with support for a cross-chain money market and exchange.
The legacy features will remain available so people can withdraw their funds, and we’ll provide guidance for those who need to migrate unpaid loans to the new app.
Keep an eye on everything we’ve completed and what’s still to come from balanced.network/timeline.
If you have any questions or want to stay up to date, join Balanced on Discord, Reddit, X/Twitter, Bluesky, or subscribe to receive updates via email: