To assist in acquiring the necessary assets for NOL, users can bridge tokens (e.g. INJ) to the ICON blockchain, supply them as liquidity, and then sell them to the network using our LP Rewards App. In return for their contribution, users engaging in selling their LP to the ICON network will receive a 1% premium on the value of their LP tokens.
- 1 reply
- 0 recasts
- 0 reactions
This launch follows the ICON Network's initial acquisitions of Network Owned Liquidity (NOL) for INJ, with continual acquisitions planned through direct acquisition and through compounding of pool fees. This increasing NOL liquidity is provided by the ICON Network to ensure a continued positive user experience for the platform's cross-chain functionality.
- 0 replies
- 2 recasts
- 0 reactions
Continuing in their commitment to a native-first experience, Injective users also benefit from Balanced’s newly released cross-chain loans. Collateralise native INJ and unlock its value to borrow Balanced’s cross-chain stablecoin bnUSD. This over-collateralized stablecoin can then be; used on any supported chain wrapper-free, supplied to the Balanced Savings Rate for 15% APR (at time of writing) or traded at a 1:1 rate for any preferred stablecoin through the Balanced Stability Fund.
- 1 reply
- 0 recasts
- 0 reactions