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If you're holding $ICX then https://balanced.network is worth digging into. It's native stable coin $bnUSD is redeemable for $1 worth of ICX thanks to something called Rebalancing. https://blog.balanced.network/about-rebalancing/ Balanced offers: • Liquid staking, • Use $ICX as collateral & take a 0% interest $bnUSD stable coin loan, • Near instant transactions, • Transactions cost a fraction of a cent, • Top quality UX/UI, • Loan takers and DEX liquidity providers earn $BALN, • Staking $BALN or using in a liquidity pool earns Balanced network fees.
If you're holding $ICX then https://balanced.network is worth digging into. ✅ Liquid staking, ✅ Use $ICX as collateral & take a 0% interest $bnUSD stable coin loan, ✅ Loan takers and DEX liquidity providers earn $BALN, ✅ Staking $BALN or using in a liquidity pool earns Balanced network fees.
Let’s not forget that Optimus will be live on ICON in a few weeks, optimizing the yield from Balanced (and later OMM). These are very exciting times for ICON. ICX/BALN/OMM/FIN should gain traction any day now.
I think its a hidden gem among Alts. It's BTP solution for interoperability will be live in only a few weeks. Allowing for one connection to create trustless bridges for every network connected. Kind of like a single hub allowing for cross-chain communication. Already 9 networks have been announced and should be integrated with BTTP on Day 0 ($BSC, among others), and several others are in the works but not announced yet. DeFi on $ICX is mostly Silo'd at the moment as well so can get over 40% returns on stablecoin deposits to $OMM, and the DEx on ICX (Balanced, $BALN) pays stakers of the governance token daily with a share of the fees from all transactions on the platform. Returns estimated \~40% as well. I think its a steal to own the governance token for it as once BTP is live, the amount of assets listed on Balanced will skyrocket as it will be at the center of all bridges to all chains connected to BTP. Its definitely a nice hidden gem for both DeFi and the launch of its interoperability solution, I think it will be big, but is currently flying under the radar.