Balanced v1 to Be Discontinued on December 1, 2026

The lending platform Balanced has announced that Balanced v1 will be discontinued on December 1, 2026. At that time, all outstanding loans will be liquidated, and the contracts will become inaccessible. This shutdown is in line with the permanent cessation of the ICON blockchain at the end of 2026 and is part of the process for Balanced to merge with the ICON blockchain and transition to a unified liquidity layer based on the Sonic blockchain and the DeFi platform SODAX. Balanced v2 was launched on April 7, 2026, offering cross-chain currency market and trading functionalities. Balanced advises users to complete loan repayments and collateral withdrawals, Savings Rate and liquidity pool fund withdrawals, and migrate BALN to the new governance token SODA before December 1.

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