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Balanced Integrates with Injective, Adding INJ to Network Owned Liquidity


April 22, 2024



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Balanced, ICON’s cross-chain decentralized exchange (DEX) and lending platform, has officially integrated with Injective following a series of votes from both communities. As a result, ICON will begin regularly acquiring Injective's native token, INJ, as a part of Network Owned Liquidity (NOL).

NOL provides the necessary permanent liquidity on Balanced's DEX for efficient and reliable cross-chain transactions with minimal slippage. With the integration of Injective, the weighting of NOL has been altered, giving its highest allocation to INJ in order to more effectively bootstrap the new pairs' liquidity.

The front end to trade the INJ/bnUSD pool is expected to go live soon. In the meantime, users can trade injective on ICON itself - ensure you keep an eye on the liquidity pools to gauge slippage.

Once the front end is ready, users will be able to bridge their INJ from ICON to Injective.