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.
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.
