# Balanced

> Cross-chain DeFi that's actually usable

Balanced lets users swap crypto, earn interest, and borrow against their holdings across multiple blockchains.

Balanced is a cross-chain DeFi application that supports trading, lending, and borrowing across multiple blockchains. Users can swap assets between chains via intent-based routing, supply crypto to money markets for variable interest, and borrow against supplied collateral from any connected chain. The app also issues bnUSD, a USD-pegged stablecoin backed by over-collateralized crypto assets, available natively across all connected blockchains.

- Type: Protocol
- Sector: Finance
- Status: Active
- Founded: 2021-04-26
- Profile: https://thegrid.id/profiles/balanced

## Products

- [Balanced](https://thegrid.id/profiles/balanced): Balanced is a cross-chain DeFi platform providing a money market and exchange across multiple blockchains. The money market enables users to supply crypto assets to earn variable-rate interest and borrow against cross-chain collateral. The exchange aggregates prices from multiple decentralized exchanges via SODAX Intents, settling cross-chain swaps within seconds. The bnUSD stablecoin is accessible as a fixed-rate borrowable asset, backed by over-collateralized crypto collateral. (Decentralised Borrowing & Lending, Live, Main Product)

## Assets

- [Balanced Dollar (bnUSD)](https://thegrid.id/profiles/balanced): bnUSD is a decentralized USD-pegged stablecoin backed by crypto collateral on Balanced. It is used for trading, earning interest in money markets, and borrowing at a fixed 2% annual rate across multiple blockchains. Unlike fiat-backed stablecoins, it maintains its peg through over-collateralization and a Stability Fund that arbitrages price deviations by swapping approved stablecoins 1:1 for bnUSD. (Stablecoin)
- [Balance Token (BALN)](https://thegrid.id/profiles/balanced): BALN is the governance token of Balanced. It was used to vote on protocol upgrades, boost liquidity rewards, and earn a share of network fees. In November 2025, governance was shut down via BIP 112 and BALN inflation was halted, rendering it without utility; holders can migrate to SODA, the SODAX governance token. (Governance)

## Links

- [Main](https://balanced.network)
- [Documentation](https://docs.balanced.network)
- [Blog](https://blog.balanced.network)
- [Forum](https://gov.balanced.network)
- [Privacy policy](https://balanced.network/privacy)
- [Terms of Service](https://balanced.network/disclaimer)
- [Media Kit/branding](https://balanced.network/brand)
- [Twitter / X](https://x.com/BalancedDeFi)
- [Twitter / X](https://x.com/BalancedDAO)
- [Reddit](https://www.reddit.com/r/BalancedNetwork)
- [Bluesky](https://bsky.app/profile/balanceddefi.bsky.social)
- [Discord](https://discord.com/invite/xyW5Z5n9Pw)

## Legal

This data is provided under two licensing models.

Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation.

Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
- All data is provided AS IS with no guarantees of accuracy.
- The Grid does not provide investment, legal, or tax advice, and
- a project's presence in The Grid's data does not imply endorsement.


- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP