Cheat sheet

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Cheat sheet

If you're not sure how to take advantage of Balanced, try one of the example use cases.

Balanced is a multi-purpose decentralized finance platform, so there are multiple ways to use it. This page can help you define your own style, but before you start, make sure you learn about the risks.
Beginner
​Buy BALN, then stake it to earn network fees and participate in governance​
Risk: smart contracts
Intermediate
1.
​Deposit ICX as collateral​
2.
​Borrow bnUSD​
3.
​Earn BALN, then stake it to earn network fees and participate in governance​
To increase your exposure to ICX, you can also:
​Swap bnUSD for sICX, then deposit it as collateral from the wallet section to lower your collateral ratio
Risks: smart contracts, liquidation, rebalancing
Experienced
Intermediate use case, plus:
​Supply liquidity to earn more BALN
Or
​Swap bnUSD for ICX, then convert it to a stablecoin like USDT
Use USDT to lend on another platform and earn interest
Risks: smart contracts, liquidation, rebalancing, impermanent loss
Advanced
​Set up a liquidation bot to cover the debt of under-collateralized positions for a 10% profit
Set up an arbitrage bot to take advantage of opportunities on the Balanced exchange
Risk: none
​

User guide

Open, manage, and close a position

Last modified 9d ago

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