HAVAH customers can now take pleasure in native cross-chain asset swaps and borrowing in opposition to tokens on Balanced, because of ICON’s Cross-Chain Framework. This growth marks a major step in HAVAH’s integration with different blockchains, increasing the horizons for seamless worth switch throughout built-in chains.
@BalancedDAO has launched on @HAVAHofficial
Recreation On! 🚀 HAVAH customers can now discover a brand new horizon of interconnected blockchains with seamless worth transferhttps://t.co/hJ2ViTpghk
— ICON – Connecting Blockchains 🌐 🔀 (@helloiconworld) July 22, 2024
Based on a report from the agency, on July 22, 2024, Balanced formally launched on HAVAH, offering new choices for native cross-chain swaps and stablecoin loans. HAVAH, the primary blockchain constructed on ICON SDK to combine with Balanced, joins a number of blockchains throughout the EVM and IBC ecosystems. This integration allows clean worth motion from the HAVAH blockchain, enhancing the DeFi expertise for its customers.
Seed Liquidity and Consumer Expertise
To make sure a constructive person expertise, the ICON Basis has supplied seed liquidity for the brand new HVH/sICX pair on Balanced. This assist is essential for sustaining the platform’s cross-chain performance. HAVAH customers can swap native property between built-in chains, switch HVH to the ICON chain for liquidity, or borrow bnUSD in opposition to their property.
Aligned with ICON’s imaginative and prescient of selling cross-chain growth, Balanced plans to increase its companies to extra blockchains as they change into obtainable by ICON GMP. Customers can anticipate updates on these new options as they roll out, additional enhancing the cross-chain capabilities of the HAVAH and Balanced integration.
