Balanced is a DAO (decentralized autonomous organization) on the ICON Network that uses ICX as collateral to create tokens pegged to real-world assets.
In this video I show you how to take out a loan on https://app.balanced.network/ with MYICONWALLET. I explain how the collateral works, how you take out the loan. I then talk through how you swap icx to Sicx (staked Icx) and where you pay fees and where you don't. Finally I show you how to unstake sicx without paying any fees.
TimeStamps
00:00 Intro
1:15 Adding Collateral
2:25 Explanation on how you see your ICX rewards for icx used as collateral
3:45 Borrowing bnusd
4:22 ? risk ratio explained
6:05 Balanced wallet overview
6:57 Using the dex to swap ICX to sICX - detailed explanation
10:14 how to unstake sICX without the fees via the wallet section in Balanced
