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Balanced Integrates Injective to Expand Cross-Chain DeFi

Twitter icon  •  Published 3 months ago on August 23, 2024  •  Hassan Maishera

The Injective team announced in a blog post on Thursday that Balanced, a cross-chain platform allowing users to borrow, swap, and bridge native assets cross-chain, is now live on the Injective mainnet.

Balanced Integrates Injective to Expand Cross-Chain DeFi

The Injective team announced in a blog post on Thursday that Balanced, a cross-chain platform allowing users to borrow, swap, and bridge native assets cross-chain, is now live on the Injective mainnet. 

With this launch, the Injective ecosystem now has overcollateralized bnUSD stablecoin. Balanced allows users to borrow the Balanced native stablecoin (bnUSD), swap cross-chain, and transfer assets to Injective from any network integrated with Balanced.  With seamless asset transfer between other ecosystems and Injective, users can now implement cross-chain DeFi strategies with INJ and bnUSD.

Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $20.55, up 4% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.