The stablecoin and exchangecrafted for simplicity

Borrow Balanced Dollars, trade cryptoassets, provide liquidity, and govern the future of Balanced.

Borrow Balanced Dollars

Deposit crypto as collateral to mint bnUSD, a decentralised stablecoin equivalent to 1 US Dollar.

Swap and supply crypto

Trade instantly through the exchange, and get paid to supply liquidity for native and cross-chain assets on ICON.

Participate in governance

Earn or buy Balance Tokens (BALN), then lock them up to hold voting power and benefit from Balanced’s success.

For the rest of us.

Balanced is DeFi designed for adoption: it’s fast, affordable, and easy to use. 99% of crypto investors struggled to use decentralised finance in 20201, so Balanced was built from first principles to simplify the experience.

The Balanced experience revolves around the bnUSD stablecoin and a decentralised exchange. Borrow bnUSD or supply liquidity to earn Balance Tokens (BALN), which you can lock to increase your earning potential, vote on governance proposals, and incentivise liquidity pools.

Borrow, mint, or trade bnUSD.
A stablecoin backed by crypto.

The Balanced Dollar (bnUSD) is a decentralised stablecoin that tracks the price of 1 USD. It uses cryptocurrency as collateral to guarantee its value, with support for assets from a variety of blockchains. bnUSD is not experimental or algorithmic: it’s over-collateralised, so the total supply cannot exceed the value that backs it.

You can borrow Balanced Dollars for a one-off, ... fee (no interest) or buy some on the Balanced exchange. bnUSD is ideal for leverage, liquidity, and payments on the ICON blockchain — and every chain it connects to.

Learn more about the Balanced stablecoin.

Total supply:


Total backing:


  • Collateral:
  • Stability Fund:



Collateral ratio:


Borrow Balanced Dollars

Deposit cryptocurrency as collateral to mint bnUSD, and earn BALN until you repay your loan.

Stabilise the price

Whenever the price fluctuates, use the Stability Fund to trade bnUSD 1:1 with other stablecoins (minus a ... fee).

Provide bnUSD liquidity

Add bnUSD and another asset to a liquidity pool, then stake your LP Tokens to earn BALN from incentivised pools.

Swap assets.
Supply liquidity.
Transfer cross-chain.

Balanced includes a decentralised exchange where you can swap between a variety of ICON-native and cross-chain assets. To facilitate trades, Balanced pays people to supply liquidity. Liquidity pools keep ... of the trading fees, and many pools offer BALN as an incentive.

The Trade page also features ICON Bridge, a service to transfer assets between ICON and supported blockchains.

Visit the Balanced exchange.

Total liquidity:


Volume (24H):


Incentives (24h):


Swap between assets

Trade through the liquidity pools and Stability Fund to get the assets you need in an instant.

Supply liquidity

Provide liquidity to earn a share of the trading fees, and stake your LP Tokens to earn BALN from incentivised pools.

Transfer between chains

Send assets between supported blockchains using the interface for ICON Bridge.

Earn Balance Tokens.
Participate in governance.

Balanced offers Balance Tokens (BALN) as an incentive for borrowers and liquidity providers. BALN is a governance token, which you can lock for up to 4 years to hold voting power and boost your earning potential.

Almost anything goes with Balanced’s extensive, on-chain governance system. Vote to add new collateral types, modify fees and rewards, spend the DAO Fund, interact with third-party contracts, and more. You can even influence the incentives for each liquidity pool — and earn a kickback for it.

Go to the Vote page.

Lock up Balance Tokens

Receive bBALN: a token used to vote, earn network fees, and boost the BALN earned from loan and liquidity rewards.

Participate in DAO discussions

Join the community discussion on the forum and Discord, and help transform good ideas into strategic proposals.

Cast your vote

Vote to approve or reject proposals, and influence the BALN incentives for each liquidity pool.

Put the DAO Fund to work.

Total holdings:


DAO Fund:


Protocol-owned liquidity:


bBALN holders decide how Balanced should use its capital. Vote to increase protocol-owned liquidity, establish new income streams, and fund development efforts that will help Balanced thrive in a cross-chain environment.

If you have an idea that would benefit Balanced, start a discussion on the Balanced forum or in the Balanced Discord channel.

How Balanced
secures your experience.

Balanced is a decentralised protocol that operates via smart contracts. Errors in the code can introduce vulnerabilities, so the smart contracts have been audited, an Immunefi bug bounty incentivises people to find and report issues, and you can insure your position via InsurAce.

Security is a process, not a destination. Audits and bounties reduce the risk of bugs and exploits in the smart contracts, but there’s always a risk. Invest only what you can afford to lose.

Audited smart contracts

The Balanced smart contracts have been audited multiple times. FYEO completed the last audit in April 2023.

View audit reports.

Incentivised bug bounty

Balanced has an Immunefi bug bounty with a top reward of $200K for critical issues that put users’ funds at risk.

View the bug bounty.

Smart contract insurance

InsurAce offers coverage in case of a smart contract exploit. All claims must be approved by INSUR token holders.

Insure your position.

Appreciation from the
Balanced community.

I’ve used almost everything on Ethereum, Solana, and Terra, and nothing beats @BalancedDAO in terms of UX. My mind is blown every time I log in. Hard to believe that it runs on blockchain.

Some of that is due to fast block time, but most of it is good Ul design.


@BalancedDAO just made the new wave of #DeFi. Shit isn’t even close.

I would try to do defi on other platforms like uni and honestly shit was intimidating. I said fuck it and left it alone.

Balanced UI/UX had me figuring this shit out and now i provide liquidity. #ILovelt 🙏🔥💯


Balanced’s simplicity, ease of use, stunning interface, and high yield have made it my one and only DeFi platform.

I was initially hesitant to use other DeFi services because they seemed complicated and I didn’t feel competent to use them effectively. After finding Balanced, I’ve been able to take out loans, supply liquidity, and earn staking rewards at the same time, easily and confidently. I’ll never use anything else.

Ettienne Nel

The user interface is so damn sexy on @BalancedDAO Everything is so easy and clean. Much more clean and user friendly off my bank account!!! THE FUTURE IS HERE


Balanced has been the best move I have made so far in my 5 years of being in crypto .. I have upped my coins by a quarter of my total stack in nearly a month... the rebalancing tool protected me from liquidation and also paid down my loan at the same time.. truly amazing .. the 0 percent interest on the loan is unheard of.. the APY is insane ... all in all probably will melt faces very soon ...

DeFi Dave

Balanced is in my opinion a game changing UX design that I feel is what defi should look like.

Nick Neessen

The Balanced launch was a huge success for $ICX. Balanced has the best Ul/UX of any DeFi platform.


@BalancedDAO Has cured my UniSwap PTSD. Such a pleasure to use.


By the people for the people. Best UI, tailored for your average user. Even your grandparents will be able to navigate this defi.


@BalancedDAO is, by far, the most elegant implementation of a decentralized bank/yield farming/swapping solution to hit crypto... by far. The returns are insane and look to be for the next couple of quarters. This is the gem of @helloiconworld


Great UI, great functionality. A hidden gem with inexpensive TX fees based on ICX and better than average APYs. Very beginner friendly with extra added layers of complexity for the aficionado. Enough already, just try it out. You’ll love it!


The only DeFi project that I love logging in every day is Balanced, amazing product and Ul interface, keep up the good work team and keep building.


One of the most intuitive and user friendly DeFi dApp, by far. If you’re a begginner and want to learn about DeFi, it’s a no brainer. Also suited for experienced users thanks to the stats and the DAO voting that gathers high activity.


I was hesitant to use Balanced at first as I’d never used a defi product before. 4 days after launch, I plunged in and it could not have been a more smooth experience. I’ve been using it ever since. Incredible UI, been collecting BALN daily and staking for network fees. Couldn’t recommend Balanced more, plus the community support is unbelievable. A+

Kyle Raburn

Read more reviews.

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