Ledger now supports ICON (ICX) on Ledger Live, allowing users to send and receive ICX easily while benefiting from the additional security provided by Ledger.
In August, ICON deployed contracts to Sui mainnet for Balanced and GMP, with Stellar and Solana expected in September and October. Relay optimizations progressed, and a new oracle was deployed on ICON, broadening collateral options for Balanced.
bnUSD, the cross-chain stablecoin from Balanced, is now available for trading on Pharaoh Exchange. The AVAX/bnUSD liquidity pool is now open to traders and liquidity providers, complete with boosted incentives.
Movebit have completed audits on the Move contracts for Balanced and ICON's General Message Passing. This ensures robust security as Balanced expands its DeFi protocol to additional blockchains within the Move development space.
Balanced, ICON's flagship DEX and lending platform, has integrated with Sui and is enhancing cross-chain liquidity through Network Owned Liquidity. Weekly network acquisition of $SUI has begun with the front end trading experience to follow soon.
Injective users can now swap cross-chain assets natively and borrow against INJ on Balanced, through ICON's Cross-Chain Framework. Stay tuned as Network Owned Liquidity deepens and additional blockchain connections are introduced.
In July, ICON advanced its integration efforts and optimized system performance. Key achievements including completion of audits for Stellar, and contracts for Solana. Looking ahead to August we anticipate the deployment of Sui contracts to mainnet.
HAVAH incentivizes liquidity for the HVH/sICX pool on Balanced with weekly bribes of 300 USD of HVH token, available for 16 weeks. Liquidity providers earn BALN, which can be staked for bBALN to boost rewards and participate in governance.
HAVAH users can now swap cross-chain assets natively and borrow against tokens on Balanced, through ICON's Cross-Chain Framework. Stay tuned as additional blockchain connections expand the horizons for integrated chains.
Hashlock have completed audits on the Solidity contracts for Balanced and ICON's General Message Passing. This ensures robust security as Balanced expands its DeFi protocol to additional blockchains within the Solidity development space.
In June, significant progress has been made on integrations and core systems, including optimization for relays. An additional focus for this month was security, with external audits completed for Solidity and scheduled in July for Sui's Move contracts.
A bug was found in IISS 4.0 on June 28, causing ICX under-issuance and risking chain halt. The community promptly fixed the bug and partly replenished the treasury. The network is now stable with plans to address the remaining shortfall.
Base users can now swap cross-chain assets natively and borrow against tokens on Balanced, through ICON's Cross-Chain Framework. Stay tuned as Network Owned Liquidity deepens and additional blockchain connections are introduced.
ICON simplifies cross-chain token launches with its new cross-chain token standard, integrated with Balanced DEX. Projects can now deploy tokens on any connected blockchain with a single liquidity pool, maximizing efficiency and control.
BNB Chain and Arbitrum users can now swap cross-chain assets and borrow against tokens on Balanced, through ICON's Cross-Chain Framework. Stay tuned as Network Owned Liquidity deepens and additional blockchain connections are introduced.
The ICON Network has begun acquiring BTC assets (BTCB, wBTC) as Network Owned Liquidity. A unified cross-chain BTC/bnUSD pool is now established on Balanced, ICON’s cross-chain DEX and lending platform, with front end launch expected within the month.
U.S. District Court for the Northern District of California granted the ICON Foundation’s motion for summary judgment in its long-running legal dispute with Mark Shin.
In May, the community saw the Avalanche frontend launch for Balanced, completion of integration tests for Sui, and Balanced deployed to Arbitrum and Base. Moving into June our focus turns to Stellar, Stacks and Solana.
Avalanche users can now swap assets, borrow against tokens, and transfer USDC on Balanced, through ICON's Cross-Chain Framework. Stay tuned as Network Owned Liquidity deepens and additional blockchain connections are introduced.
ICON Network has successfully migrated ETH assets on BSC to the Balanced Asset Manager and can proceed with acquiring ETH across BSC, Arbitrum, and Base for a unified Network Owned Liquidity pool in Balanced’s Cross-Chain DEX.
In April we made significant progress in blockchain integrations, advancing in projects like Sui, Stacks, and Stellar. Additionally we have enhanced operational efficiencies for existing implementations and resolved issues with ICON bridge migration.
Balanced, ICON's flagship DEX and lending platform, has integrated with Injective and is enhancing cross-chain liquidity through Network Owned Liquidity. Weekly network acquisition of $INJ has begun with the front end trading experience to follow soon.
The ICON Foundation have received a grant from the Stellar Community Fund to integrate Balanced with Stellar. This marks the first step in linking both blockchain ecosystems, enhancing DeFi experiences and liquidity.
Following updates to ICON's Economic Policy, only validators with a commission rate under 15% will qualify for the Validator Support Program from April 23. Adjustments may happen based on market conditions.
March saw IBC enhancements, GMP 2.1 rollout, and progress with Sui, Stellar, and Stacks integration. Paving the way for a more interconnected blockchain ecosystem.
In February, ICON completed the enshrinement of Balanced. With further progress across the Central Relay and Composable Finance integration, efforts in March are now focused on the discovery and development for new integrations such as Sui and Stacks.
With the passing of Revision 25, validator bonding of at least 5% of ICX votes are required for consensus, affecting rewards distribution. With minimal bonds diluting rewards, voters are urged to consider validator bonds for optimal staking rewards.
Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with the easy-to-use ICON General Message Passing and connections to secure bridging protocols.
ICON governance passed Revision 25, which simplifies rewards into a single system and introduces validator commission rates. This empowers voters with greater transparency and clearer options for optimising their staking rewards.
ICON's Revision 25 vote introduces a new economic policy enhancing network decentralization, resilience and including 'jailing' for non-compliant validators. This will impact staker rewards and emphasizes the importance of diligent validator selection.
Among other developments, this month included enhancements to General Message Passing (xCall) contracts, launch of the central relay and adaptors for Wormhole and Layerzero. Bringing additional interoperable protocols within ICON's Cross-Chain Framework.
Crucial network votes beginning this week will include an approval vote on enshrining Balanced and implementing proposed changes to emissions. Following the implementation of ICON's Economic Policy 4.0, the execution vote will begin on 28/02/24.
IISS 4.0 introduces significant changes for ICON's Economic Policy, enhancing security and restructuring reward systems. Both validators and voters will need to adjust their behaviours as a result and should inform themselves on how changes effect them.
ICON expands its general message passing (xCall) by integrating the Blockchain Transmission Protocol (BTP) on mainnet, connecting it to Ethereum and BNB Chain.
ICON's key focus for 2024 is to position Balanced as a leading decentralized finance (DeFi) protocol and in doing so, drive adoption for ICON technology and generate revenue for the network. Join the discussion on our community forums.
December's ICON development saw major milestones, including xCall's mainnet connection with several new blockchains and continued success expanding the features, blockchains and protocols supported by ICON's Cross-Chain framework.
ICON's Cross-Chain Framework has integrated Injective through xCall via Cosmos IBC. This integration expands ICON's connections within the IBC ecosystem, promoting better cross-chain application development and a seamless DeFi experience.