ICON is a general purpose blockchain based on its own ICX cryptocurrency that can run smart contracts. It is capable of accepting the BFT-DPoS (Delegated Proof-of-Stake) consensus protocol and using an economic management protocol called DPoC (Delegated Proof of Contribution).

ICON news today, ICX crypto latest news of coin ticker

ICON

🚨 Balanced introducing a new redemption mechanism

"Redemptions are only available via the Balanced Loans contract, and are only worthwhile if the price of bnUSD falls below $0.90 and the Stability Fund is empty."

👉 Visit Balanced here: https://t.co/DoLlNKTp68 https://t.co/4DfFEwTcX9

You can now borrow $bnUSD without fear of rebalancing.

The Stability Fund has been so successful at keeping bnUSD at $1, that rebalancing was only needed as a last resort.

Now, rebalancing has been replaced by a redemption mechanism for better UX and cross-chain compatibility. https://t.co/FGeWBiPvac

Twitter

🚨 Balanced introducing a new redemption mechanism

"Redemptions are only available via the Balanced Loans contract, and are only worthwhile if the price of bnUSD falls below $0.90 and the Stability Fund is empty."

👉 Visit Balanced here: https://t.co/DoLlNKTp68 https://t.co/4DfFEwTcX9

You can now borrow $bnUSD without fear of rebalancing.

The Stability Fund has been so successful at keeping bnUSD at $1, that rebalancing was only needed as a last resort.

Now, rebalancing has been replaced by a redemption mechanism for better UX and cross-chain compatibility. https://t.co/FGeWBiPvac

Balanced introducing a new redemption mechanism.