Starting Dec 20, The ICON Foundation’s Validator Support funds will be redirected to boost ICX/sICX liquidity on Balanced. Bond requirement and support delegation will reduce, aligning validators with network goals.
We're enhancing ICX-powered applications with key contracts and integrations. Stellar and Solana are set for front-end launch via Balanced, while intents-based trading and cross-chain liquidity features enter testing, driving integrations forward.
A critical bug was recently found in Balanced contracts and was patched without issue thanks to a community member's choice to report, rather than exploit 🤝
Two important network proposals have been approved this week 📜 CPS Update-Change to Council Managers: https://tracker.icon.community/proposal/0x1ee6b4da49ad85df40ca577c9201d1b92d4a51fd4483abe44f53f456b9af5f3b 📜 Reallocate NOL and start acquiring SOL: https://tracker.icon.community/proposal/0x5af8dea8872d706635b5e8aa2ce4c883823998ec4301395a0a3f0078080c54b2
Hashlock have completed audits on the Rust contracts for Balanced and ICON's General Message Passing. This ensures robust security as Balanced prepares to expand it DeFi protocol to the Solana ecosystem.
“In 2024, no one has integrated more blockchains than ICON, and with Stellar and Solana integrations on the horizon, ICON’s GMP stands as the most secure and scalable solution available."
Catch up with our newsletter 👇 https://newsletter.icon.community/p/ledger-live-integrates-icx-october?utm_campaign=post&utm_medium=web
The Sui Network can now swap cross-chain assets natively and borrow against SUI on Balanced, through ICON's Cross-Chain Framework. Stay tuned as Network Owned Liquidity deepens and additional blockchain connections are introduced.