Balanced connects to Polygon
Use Balanced on Polygon to trade crypto between connected chains and earn a return for bnUSD.
Balanced is now live on Polygon, its sixth connection within the EVM ecosystem. You can use Balanced on Polygon to swap and transfer crypto between 12 other blockchains, and earn a return for bnUSD through the Balanced Savings Rate.
Learn more about the Polygon connection and how you can take advantage of it.
Why the Polygon connection matters
The Polygon connection is significant because it relies almost entirely on Balanced Intents, which provides zero-slippage, low-fee, 5-second trades.
The smart contracts added support for Polygon months ago, but while previous connections launched with liquidity for the chain’s core asset (courtesy of ICON), there was no plan to acquire POL for Polygon.
With the expansion of intent-based trades on Polygon, we didn’t have to. POL, wETH, and USDC from Uniswap are available to trade on Balanced via intents, with more efficiency than we could ever achieve through a liquidity pool.
The Polygon connection also supports BALN, bnUSD, and sICX, with more tokens on the way as we continue to enhance the trading experience through intent-based trades.
How to use Balanced on Polygon
Balanced is a cross-chain DeFi hub that’s home to the bnUSD stablecoin and a decentralised exchange. You can use it on Polygon to swap and transfer crypto between 13 blockchains, and earn a return for bnUSD.
To get started, visit app.balanced.network/trade.
Swap crypto
You can use the Balanced exchange to swap between Polygon assets or trade across chains.
From the Swap tab:
- Choose which assets to swap, and where to send and receive them.
- Enter the amount, then click Swap and complete the trade.
Until Balanced Intents supports every chain, only some swap combinations are available. Support is more extensive for USDC, bnUSD, BALN, and sICX, and you can trade POL and wETH for crypto on Arbitrum and Sui with ease.
Transfer cross-chain
You can send USDC, bnUSD, BALN, and sICX directly to another blockchain from the Bridge tab:
- Choose which blockchains to transfer between.
- Choose an asset, then enter the amount.
- Click Transfer and follow the prompts to complete the transfer.
Earn a return for bnUSD
The Balanced Savings Rate makes it easy to earn rewards for bnUSD. The rate varies based on the amount deposited and the price of the reward currencies (BALN, bnUSD, and sICX).
You can get bnUSD from the exchange, or borrow against your crypto on another chain. Just make sure you choose to receive your bnUSD on Polygon.
From the Rewards section on the Home page:
- Choose Polygon from the blockchain selector.
- Click ‘Deposit bnUSD’ next to Savings Rate.
- Choose the amount to deposit, then click Confirm and complete the transaction.
You’ll earn rewards at a variable rate, and you can withdraw your funds in an instant.
Transact on Polygon and beyond
Use Balanced to simplify your cross-chain DeFi experience. It’s available on Arbitrum, Archway, Avalanche, Base, BNB Chain, Havah, ICON, Injective, Optimism, Solana, Stellar, Sui, and now Polygon.
To swap, transfer, and earn on Polygon, visit app.balanced.network and sign in with your favourite wallet. Connect to additional chains to do even more, like borrow bnUSD against your crypto.
To learn more about Balanced, check out the website, read the docs, and join the Balanced community on Discord.
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