Logo of Balanced DollarBalanced Dollar(BALN)

Total Value Locked$353,032

TVL by Chain

Icon$353,032

Protocol Information

The Balanced Dollar (bnUSD) is a decentralised, cross-chain stablecoin that tracks the price of 1 USD. It uses cryptocurrency as collateral to guarantee its value, with support for assets from a variety of blockchains. bnUSD is not experimental or algorithmic: it's over-collateralised, so the total supply cannot exceed the value that backs it.

WebsiteX/Twitter
Category:CDP

Audits:No

Methodology

TVL: TVL consists of collateral deposits made to the lending program and the stability fund.View code on GitHub

Competitors

Sky Lending ($5.942b)USDD ($1.257b)Lista CDP ($222.51m)Liquity V1 ($193.46m)crvUSD ($156.02m)Liquity V2 ($104.76m)Reservoir Protocol ($72.05m)Frankencoin ($63.06m)Inverse Finance FiRM ($31.96m)Felix CDP ($30.7m)

Frequently Asked Questions

What is Balanced Dollar's TVL?

Balanced Dollar currently has $353,032 in total value locked. TVL has decreased 5.7% over the past 30 days.

What chains does Balanced Dollar operate on?

Balanced Dollar operates on Icon. Icon holds the largest share at 100%.

How does Balanced Dollar's TVL compare to similar protocols?

Among CDP protocols tracked by DefiLlama, Balanced Dollar ranks #64 by TVL. The category holds $8.296b across 200 protocols, and Balanced Dollar accounts for <0.1% of that total. Other leading protocols include Sky Lending, USDD, Lista CDP, Liquity V1, crvUSD, Liquity V2, Reservoir Protocol, Frankencoin, Inverse Finance FiRM, and Felix CDP.