Babylon
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 1 + Middleware Staking Protocol |
Consensus Algorithm | Proof-of-Stake |
Ecosystem | Bitcoin |
Token | BABY |
Native Token Ticker | $BABY |
Smallest Unit | 1 BABY = 1,000,000 ubbn (micro BBN) |
ARR or APY | ~28% |
Max Supply | ∞ |
Delegation Requirements (Min-Max) | Limits Per Staking Transaction Minimum: 0.005 BTC Maximum: 5000 BTC Staking cap of 1,000 bitcoins in Phase 1. Maximum. No cap now Staking Time: 64,000 Bitcoin blocks (~15 months) |
Stake Activation Period | BTC Staking - As soon as it receives 10 BTC block confirmations, it becomes Active. |
Reward Distribution Period | $BTC Staking - First 300 BTC blocks: 100,000 points per block. Remaining 700 BTC blocks and beyond: 21,000 points per block.\ The points per BTC block will be allocated proportionally among all active stakes (from all caps) within that block. $BABY Staking - Rewards distributed every block |
Compounding | NA |
Compounding Frequency | NA |
Unbonding Period | Unbonding Period | BTC Unstaking - 7 days in Phase 1, the unbonding transaction fee for stakes accepted during Cap-3 is still 0.00032 bitcoins. BABY Unstaking - 300 Bitcoin block confirmations (~50 hours) |
Lockup Period | |
Penalties and Slashing | Yes for double signing and downtime
|
Burn Mechanism | |
Validator Self-Bond Requirement | There is no minimum Bitcoin requirement to become a Finality Provider in the Phase-1 mainnet. |
Inflation | 8% per annum (4% BTC staking rewards, 4% BABY staking rewards) |
Validator Set Diversity (Finality Providers) | 215 Finality Providers and 100 Active Validators |
Governance Mechanism | On-chain via BABY token voting (BTC stakers do not participate) |
Smart Contract Support | Yes |
Smart Contract Programming Language | Rust |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | |
Transaction Finality | |
Link to Explorer(s) | https://babylon.l2scan.co/ \ |
Testnet Faucet | https://docs.babylonlabs.io/operators/babylon_validators/#faucets |
Figment’s Public Validator Address |
|
Figment Staking Guide | |
Figment Supported MEV Relay | NA |
Recommended Wallet(s) | Ledger, OKX, Bitget |
CoinGecko Profile |
Updated 8 days ago