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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 decentralised 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

Risk: smart contracts

Intermediate

  1. 1.
    ​Deposit ICX as collateral​
  2. 2.
    ​Mint bnUSD​
  3. 3.
    ​Earn BALN, then stake it to earn network fees and participate in governance​
Risks: rebalancing, liquidation, smart contracts

Experienced

Intermediate use case, plus:
Or
  • ​Swap bnUSD for ICX, then convert it to a stablecoin like USDC
  • Use USDC to lend on another platform and earn interest
Risks: rebalancing, liquidation, impermanent loss, smart contracts

Advanced

  • ​Set up a liquidation bot to cover the debt of under-collateralised positions for a 10% profit
  • Set up an arbitrage bot to take advantage of opportunities on the Balanced exchange
Risk: none
​
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Beginner
Intermediate
Experienced
Advanced