Logo of Balanced DollarBalanced Dollar(BALN)
Total Value Locked$400,904.1

TVL by Chain

Icon$400,904.1

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.

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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 ($5.5b)USDD ($1.257b)Lista CDP ($235.05m)Liquity V1 ($181.9m)crvUSD ($151.98m)Liquity V2 ($96.59m)Frankencoin ($83.06m)Reservoir Protocol ($68.82m)Felix CDP ($34.77m)Inverse Finance FiRM ($29.49m)

Frequently Asked Questions

What is Balanced Dollar's TVL?

Balanced Dollar currently has $400,904.1 in total value locked. TVL has decreased 38.5% 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 #60 by TVL. The category holds $7.847b across 203 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, Frankencoin, Reservoir Protocol, Felix CDP, and Inverse Finance FiRM.