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March 2025: Powering 13% Stablecoin APR across 11 Chains

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April 7, 2025

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We kept the momentum going in March with gains in capital efficiency and a boost to the Balanced Savings Rate — delivering its (variable) 13% APR on the bnUSD stablecoin across 11 chains. Cross-chain liquidity and native savings are now fully live, and the ICON Solver saw wider rollout with integrations on ICON, Polygon, and Stellar. Meanwhile, Relay v3 entered mainnet and new Asset Managers are deploying across all chains. Looking ahead, Solana integration and more infrastructure upgrades are already in motion. Get the full update below!


💧 Cross-Chain Liquidity Provision (LP) and Savings Rate

Cross-chain liquidity provision and native savings rate support are now fully live on mainnet, with all chains successfully integrated.


🧩 ICON Network Solver

The refactored Solver is now live on mainnet, including integration with ICON and Polygon. Stellar integration has also been deployed to mainnet, and we're currently finalizing the SDK necessary for front-end integrations — this is expected to be ready by mid-April.

Additionally, development of a new Solver compatible with the upgraded infrastructure is underway. It's a smaller piece of work aimed to reduce future reworks, and should be ready for testing by mid-April. Consequently, Solana integration will launch alongside this new infrastructure to minimize duplication of effort.


🚀 Relay v3 Development

Internal audits wrapped up at the end of March. Deployments to mainnet have commenced, and extensive testing on mainnet will continue throughout April.


📊 New Asset Managers

New Asset Managers have been completed for all chains, and internal audits, along with all necessary fixes, have been finalized. Deployments to mainnet are already underway, with comprehensive testing of the new Asset Managers alongside the updated relays and Solver scheduled throughout April.


Applications powered by ICX are committed to providing a seamless, high-performance, DeFi experience across all supported ecosystems. These improvements will set the stage for future integrations and scalability. We remain committed to transparency as we move forward and you can follow along with future integrations on our milestone board.