The decentralized bank of ICON

The best place for ICX holders to take out a loan, swap assets, and supply liquidity.

Deposit ICX as collateral

Your ICX is staked to earn rewards. Withdraw and unstake quickly.

Borrow Balanced Dollars

Up to 25% of your collateral value. Pay a 0.75% fee – no interest.

Earn Balance Tokens

BALN. Stake them to vote and earn a share of the network fees.

Participate in the future of finance.

Balanced is DeFi designed for adoption: it’s fast, affordable, and easy to use. It offers the best experience for ICX holders, and a higher return than you’ll ever get with your bank.

Participate to earn Balance Tokens, which give you voting rights and a share of the network fees. Inflation decreases over time, so take part from the start and help shape the future of finance.

ICX staking rewards too low?
Use Balanced.

Staking rewards Manual Automatic*
Loan rewards Yes
Liquidity rewards Yes
Network fees Yes
Liquidation rewards Yes

Earn up to 5 types of rewards with Balanced. To earn staking rewards*, swap ICX for sICX, or deposit ICX as collateral. Borrow assets or supply to a liquidity pool to earn Balance Tokens.

Stake your Balance Tokens to receive a share of the network fees. And if you’re an advanced trader, set up a bot to liquidate high-risk positions in exchange for a 10% profit.

*Automatic staking uses a token called sICX, which represents a share of the ICX staking pool. Rewards may accumulate slower due to fluctuations in the pool.

Auto claim & stake.

To earn staking rewards, swap ICX for sICX, or deposit ICX as collateral. Your ICX is added to a staking pool and the rewards auto-claimed, so the value will increase over time.

Unstake instantly.


1% fee


5 min - 7 days

To skip the unstaking period, swap sICX for ICX and pay a 1% fee. Or unstake to receive ICX as people deposit it: wait from 5 minutes, up to ~7 days.

Make stable payments on the ICON Network.

ICX can be volatile, so Balanced uses it as collateral to create a stable currency: Balanced Dollars (bnUSD). Tied to the value of the US Dollar, it’s ideal for payments, grants, and in-app purchases for services using the ICON blockchain – no KYC required.

Borrow Balanced Dollars for a one-off, 0.75% fee – no interest – or buy some on the Balanced exchange. To keep the price stable, a rebalancing process can be triggered if bnUSD moves too far from $1.

Swap assets.

Use the decentralized exchange to swap Balanced assets (bnUSD, BALN, sICX) with ICX and supported ICON assets. It’s fast, and the fee is only 0.3%.

Supply liquidity.

Earn Balance Tokens every day you supply assets to a liquidity pool. Balanced pools receive 49% of the daily BALN; others can add and incentivize their own pools.

Receive a fair share from launch.

Balanced is a DAO, owned and operated by Balance Token holders. There was no BALN pre-mine, so from launch, every participant will have an equal opportunity to own a share of Balanced and vote on its future.

To maximize your influence, participate early. Balanced distributes 100,000 BALN a day for the first 60 days, then it tapers by 0.5% a day until it reaches 1,250 (<2% inflation).

A pie chart showing the BALN distribution: 45% to liquidity providers, 25% to borrowers, 20% to workers, 5% to the DAO fund, and 5% to the emergency reserve fund.

Participate in governance.

Have your say on the future of Balanced. If you hold Balance Tokens, you can vote to add new collateral types, pay for initiatives from the DAO fund, adjust the fees, and more.

Join the discussion on the Balanced forum, then submit a proposal or vote on others’ – your level of involvement is up to you.

Audited by the best.

Balanced is decentralized, and operates via smart contracts. The Balanced smart contracts were audited by Slowmist, whose list of clients includes leading exchanges like Binance, Huobi, and OKex.2

An audit reduces the risk of smart contract bugs, but there’s always a risk. Invest only what you can afford to lose.

Coming soon

Deposit new
collateral types.

Balanced Dollars are backed by ICX exclusively. But it doesn’t have to stay that way. Balance Token holders can vote to collateralize other assets, like ONE, NEAR, or USDS, to make bnUSD a highly diversified, crypto-backed stablecoin.

Coming soon

multiple assets.

bnUSD is the first synthetic asset on Balanced, but it’s far from the last. Balance Token holders can vote to add new assets, like Balanced Gold (bnXAU), Balanced Bitcoin (bnBTC), or Balanced Tesla (bnTSLA), which will all be backed by Balanced Dollars.