HAVAH customers can now get pleasure from native cross-chain asset swaps and borrow in opposition to tokens on Balanced, due to ICON’s Cross-Chain Framework. This improvement marks an necessary step within the integration of HAVAH with different blockchains, broadening the horizon for seamless worth switch throughout built-in chains.
@BalancedDAO launched on @HAVAHofficial
Recreation on!
HAVAH customers can now discover a brand new horizon of interconnected blockchains with seamless worth switch https://t.co/hJ2ViTpghk
— ICON – Connecting Blockchains
(@helloiconworld) July 22, 2024
In keeping with a report from the corporate, Balanced formally launched on HAVAH on July 22, 2024, providing new choices for native cross-chain swaps and stablecoin lending. HAVAH, the primary blockchain constructed on ICON SDK to combine with Balanced, joins a number of blockchains within the EVM and IBC ecosystems. This integration permits clean switch of worth from the HAVAH blockchain, bettering the DeFi expertise for its customers.
Seed liquidity and person expertise
To make sure a constructive person expertise, the ICON Basis has supplied beginning liquidity for the brand new HVH/sICX pair on Balanced. This assist is essential for sustaining the cross-chain performance of the platform. HAVAH customers can swap personal property between built-in chains, switch HVH to the ICON chain for liquidity, or borrow billions of USD in opposition to their property.
According to ICON’s imaginative and prescient to advertise cross-chain improvement, Balanced plans to develop its companies to extra blockchains as they turn into accessible by ICON GMP. Customers can count on updates on these new options as they’re rolled out, additional enhancing the cross-chain capabilities of the HAVAH and Balanced integration.