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Balanced has launched on HAVAH, bringing new options for native cross-chain swaps and stablecoin loans. HAVAH is the first blockchain built on ICON SDK to integrate with Balanced, joining several blockchains across the EVM and IBC ecosystems, with which value can now be moved seamlessly from the HAVAH blockchain. This new cross-chain offering for HAVAH is made possible through ICON's Cross-Chain Framework and its General Message Passing (GMP) standard’s implementation within Balanced.
The ICON Foundation has provided seed liquidity for the new HVH/sICX pair on Balanced to ensure a continued positive user experience for the platform's cross-chain functionality. HAVAH users can now swap native assets between any of the protocol’s integrated chains, transfer their HVH to the ICON chain to provide liquidity, or unlock the value of their assets by borrowing bnUSD.
Aligned with ICON’s vision of promoting cross-chain development, Balanced will continue to extend its services across additional blockchains as they become available through ICON GMP. Stay tuned for updates on these new cross-chain features as they become available on Balanced. For more details on today’s release, refer to this update from the Balanced team.