Balanced v2 is live
Earn, borrow, and trade across 12 blockchains from the new Balanced app.
5 years after the original, Balanced v2 has arrived.
Built from scratch with a new design aesthetic, v2 replaces the isolated stablecoin loan with a flexible money market and adds more blockchains and assets to its cross-chain exchange.
You can use Balanced v2 to earn interest, borrow crypto from any supported blockchain, and trade across 12 chains within 20 seconds.
Learn more about Balanced v2 and how to transition from the old app to the new.
Earn and borrow with the money market
Balanced v2 includes a flexible cross-chain money market. Designed from scratch to provide the most direct experience, it’s unlike any money market you’ve ever used.
Powered by SODAX, you can use the money market to earn interest on your crypto and borrow against it in seconds. It’s so flexible that you can borrow any supported assets, even if they’re not on the same blockchain as your collateral.
Supply to earn
You can use the money market to earn variable interest on your crypto until you withdraw.
When signed in, you’ll see a list of assets available to supply on each blockchain, alongside your balance and the current interest rate.
Go to Markets > Your Markets, then:
- Click an available asset to expand it.
- Enter the amount. Your interest and borrowing power will update in real-time.
- Click Confirm and complete the transaction.
Supply crypto to earn interest.
Borrow when you need it
You can use the crypto you supplied on a specific chain to borrow any asset. There’s a 0.1% fee, and the variable interest rate will increase your debt over time. For a fixed 2% interest rate, borrow bnUSD.
From Markets > Your Markets:
- Click ‘Borrow an asset’ under the blockchain you’d like to borrow against.
- Choose an asset from the list, then choose which blockchain to receive it on, if applicable.
- Enter the amount. Your risk and expected interest will update in real-time.
- Click Confirm and complete the transaction.
Borrow any asset against your crypto — even if it’s on a different blockchain.
If you borrow, a word of caution: your risk will increase if your supplied value drops or borrowed value rises. If your risk ever reaches 100%, the crypto you supplied on that chain will be partially liquidated.
Check the risk tooltip to see how much room you have to move, and keep an eye on your risk during price fluctuations. If in doubt, limit your exposure to volatile assets.
Trade on the exchange
Balanced v2 makes it easy to trade crypto across 12 blockchains. It uses SODAX as an aggregator to provide a competitive price, and completes your trade within 20 seconds.
If you used Balanced v1 the experience is the same, now with an improved design style and support for Ethereum in addition to the existing chains:
- Arbitrum
- Avalanche
- Base
- BNB Chain
- Hyperliquid
- Optimism
- Polygon
- Solana
- Sonic
- Stellar
- Sui
You can use the Balanced exchange to swap crypto between different blockchain ecosystems. You can even transfer ETH, USDC, USDT, weETH, wstETH, bnUSD, and SODA across chains for free.
Use an app designed to serve you, not exploit you
Most DeFi apps treat you like the product. They track you, incentivise engagement, and push you toward actions that make them money.
Balanced v2 is only here to serve you.
Designed to reduce your time and effort, it removes complexity, maximises understanding, and helps you get on with your day as fast as possible. It’s direct, flexible, and there’s no other DeFi app quite like it.
It has no ads, no analytics, no social sharing prompts, no engagement farming, no business goals.
It gives you the tools you need to complete your task with confidence, then gets out of your way.
And it doesn’t expect much in return. Swap and borrow transactions include a 0.1% fee — well below the industry standard — and you can transfer compatible assets across chains for free.
Balanced doesn’t know who you are, where you’re from, or how long you use the app. It only collects on-chain transaction details to improve the experience for repeat users. See the Balanced privacy policy for more information.
Transition from the legacy app
Balanced v2 completes our move from a protocol to a frontend for third-party protocols, starting with SODAX. It’s built on a new tech stack, so Balanced’s old features are no longer supported.
If you used the original app, visit v1.balanced.network to withdraw funds held in loans, the Savings Rate, and liquidity pools, and claim any outstanding rewards. The app will remain online until further notice.
If you can’t repay your loan in full, view the transition guide to learn how to migrate your loan to the money market. You can borrow bnUSD fee-free until May 10 to ease the transition.
And if you still have BALN, learn how to convert it to SODA.
Experience the difference with Balanced v2
Balanced v2 simplifies the cross-chain DeFi experience, and it’s now ready for you to use.
If you’ve ever held back, now’s the time to give DeFi another look.
Visit app.balanced.network to trade, earn, and borrow across 12 blockchains, then move on with your day.
For more information, view the how-to guide or reach out via Discord, Reddit, X/Twitter, or Bluesky.