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Balanced, ICON’s cross-chain decentralized exchange (DEX) and lending platform, has officially integrated with Sui mainnet through ICON’s Cross-Chain Framework. The ICON Network will now begin regularly acquiring Sui's native token, SUI, as a part of Network Owned Liquidity (NOL).
NOL provides the necessary permanent liquidity on Balanced's DEX for efficient and reliable cross-chain transactions with minimal slippage. With the integration of Sui, the weighting of NOL has been altered, giving its highest allocation to SUI in order to more effectively bootstrap the new pairs' liquidity.
The front end to trade the SUI/bnUSD pool is expected to go live in roughly a month's time. Once this front end is released, users will be able to swap and borrow with their SUI natively, or bridge SUI between ICON and Sui. In the meantime, users can trade SUI on ICON itself - ensure you keep an eye on the liquidity pools to gauge slippage.
To learn more about Balanced and how to use it, visit the website, try the demo, and read the documentation. You can also follow Balanced on Twitter and join the Balanced community on Discord.