Retire Balanced assets

Learn how to sell synthetic assets for their true value on Balanced.

To keep the bnUSD price stable, you can always retire it for $1 of sICX from the collateral pool, minus a fee. The fee is adjustable via governance, so be prepared for changes if you're running a bot.

To retire bnUSD:

  1. Go to the trade page and click 'Retire Balanced assets'.

  2. Enter the amount to retire, then click 'Retire bnUSD'.

  3. Complete the transaction to receive sICX.

Every retirement reduces the debt for a group of borrowers in exchange for some of their collateral. You can retire up to 0.1% of a group's debt in a single transaction, so the maximum amount varies each time. If the transaction fails, try again later or retire a smaller amount.