HAVAH users can now enjoy native cross-chain asset swaps and borrowing against tokens on Balanced, thanks to ICON’s Cross-Chain Framework. This development marks a significant step in HAVAH’s integration with other blockchains, expanding the horizons for seamless value transfer across integrated chains.
According to a report from the firm, on July 22, 2024, Balanced officially launched on HAVAH, providing new options for native cross-chain swaps and stablecoin loans. HAVAH, the first blockchain built on ICON SDK to integrate with Balanced, joins several blockchains across the EVM and IBC ecosystems. This integration enables smooth value movement from the HAVAH blockchain, enhancing the DeFi experience for its users.
Seed Liquidity and User Experience
To ensure a positive user experience, the ICON Foundation has provided seed liquidity for the new HVH/sICX pair on Balanced. This support is crucial for maintaining the platform’s cross-chain functionality. HAVAH users can swap native assets between integrated chains, transfer HVH to the ICON chain for liquidity, or borrow bnUSD against their assets.
Aligned with ICON’s vision of promoting cross-chain development, Balanced plans to extend its services to additional blockchains as they become available through ICON GMP. Users can expect updates on these new features as they roll out, further enhancing the cross-chain capabilities of the HAVAH and Balanced integration.
