Balanced Protocol is a decentralized bank that functions on ICON.  Balanced is DeFi designed for adoption: it’s fast, affordable, and easy to use. It offers the best experience for ICX holders, and a higher return than you’ll ever get with your bank.  

In our today’s video, Founder of Balanced Protocol - Scott Smiley, has joined a zoom meeting with our Co-Founder Michael to discuss and reveal some most important Crypto and Life Secrets such as: 

00:00 - Introduction: A Project That is Not Like Others 

00:40 - Brief Overview of Balanced. "We are like MakerDAO + Uniswap" 

01:25 - Does BALANCED Have its Own Stable Coin? 

01:40 - Is their Lending in BALANCED Protocol? 

02:05 - Why ICON? ($ICX) 

02:40 - "DeFi is Not Just ETHEREUM". 

04:00 - About ICON Ecosystem 

04:25 - $bnUSD - The Most Diverse Collateral Stable Coin 

05:00 - How to Use ETHEREUM Assets as Collateral on BALANCED in the ICON Ecosystem? 

05:40 - ICON vs Other Multi-Chain Protocols: Cosmos // Polkadot 

06:50 - How HUB Mechanism Works. Ethereum Virtual Machine. 

07:40 - How to Move Assets on Multi-Chain Protocols (e.x. BSC to ICON) 

10:10 - Weakness of 0x Relayer. How is Transaction Verification Done? 

11:25 - How to Verify DATA: Internal Security // Verifier. (e.x. BSC to Polkadot) 

12:35 - Technical ICON's Participation in Multi-Chain Transactions. 

14:10 - How ICON Chain Controls Transaction When It's Outside of It. 

15:30 - What Programming Language ICON Uses? 

15:55 - Is it Hard for a Java Developer to Code on ICON? 

16:50 - What's Involved in Putting Various Blockchains in ICON? 

18:00 - Are You Paying Gas Fees on Both Ends on Multi-Chain Protocols? 

18:35 - How do You Keep Your Stable Coin ($bnUSD) Stable? 

20:15 - ICON's Roadmap. What's Next? 

21:40 - Balanced DAO. Governance Token. On-Chain DAO. 

22:30 - How is Your DAO Designed Overall? 1 Token - 1 Vote? 

23:10 - Token Distribution // TOKENOMICS 

24:10 - How is Community Organized? Decentralized Stand Point. 

24:35 - How is BALANCED Team Built? 

25:05 - How will be BALANCED DAO Built? (in terms of team) 

26:05 - And how will DAO Team Scale? 

27:05 - How Conflicts are Resolved in BALANCED? 

27:50 - Maintaining High-Level Innovations While Scaling. 

28:50 - Anything Else we Need to Know About BALANCED Protocol?

DEFIYIELD is The Cross-Chain Asset Management Client for DeFi, the leader of audits in DeFi, and an author of the DeFi Bible "The Wall Street Era is Over": https://www.amazon.com/Decentralized-Finance-DeFi-Investors-Cryptocurrency-ebook/dp/B094X2BJH9

DEFIYIELD - https://defiyield.app/

Our Twitter - https://twitter.com/defiyield_app

Our Telegram - https://t.me/defiyield_app

Our Blog - https://blog.defiyield.app/