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
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