March 22, 2023

Balance Capital Update

The Balance Ecosystem encompasses a wide range of innovative products and developments in various DeFi and Web3 technology areas.
Balance is poised to build bridges between the theoretical and practical sides of finance so that there is a means in which we can provide real-world solutions and create value driven products within the web3 space.

Balance Capital

As we continue our journey, we are proud to share some exciting updates with you. Our team has been working tirelessly to improve our existing products and develop innovative new solutions that offer value to our community. We remain committed to our mission of delivering the best-in-class services and tools for the ever-evolving digital landscape.

Today, we celebrate the progress we have made and look forward to the promising future ahead. We are eager to concentrate our efforts on developing and enhancing our current and upcoming product offerings.

Our focus remains on our three core products:

  1. Liqd: Currently in private beta, Liqd has been undergoing functional testing with the involvement of several helpful users from the NFT scene and our ever present community leads. We are committed to introducing groundbreaking features yet to be seen in the market and will continue to refine and expand Liqd's capabilities, ensuring that our users have access to a secure and efficient lending experience.
  1. Ryze: A next-generation binary options trading platform built on the Arbitrum Layer 2 scaling solution with plans to launch in Q3 2023. Users will enjoy a seamless and exciting trading experience, unlocking the full potential of binary options.
  1. The “Ecom” Partnership: We are partnering with and have made a strategic investment into to overcome the challenges of bridging the gap between the digital and physical worlds, this ecom product will combine DeFi and web3 technology with a yet-to-be-revealed innovative approach to the online market. This unique product holds great potential to make a significant impact in the industry.

You may be wondering, where is FHM in that list? Well, the time has come to sunset the FHM protocol as it stands today. We have spent countless hours discussing potential improvements and technical changes to the protocol, and have come to a decision that we wish to present to the community for discussion and moving forward with a governance vote. 

A new tokenomics and rewards model will be proposed, which includes among other things, a new token. More information about this proposal will be submitted in another dedicated post. We want this change to be as seamless as possible for all of you, and for the new model to be able to deliver value to holders while retaining sufficient runway to continue operations.

Some forthcoming items will be released in the coming days:

The team will also be delivering regular updates to the community in the form of:

We recognize that our communication and transparency have not always met your expectations, and we sincerely apologize for any frustration this may have caused. Building in the dynamic world of DeFi presents unique challenges, but we are committed to being more forthcoming with updates surrounding product development as we move closer to launching our products.