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.\ $BABY Staking - Rewards distributed every block |
| Compounding | N/A |
| Compounding Frequency | N/A |
| 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/ \ https://babylon.explorers.guru/ |
| Testnet Faucet | https://docs.babylonlabs.io/operators/babylon_validators/#faucets |
| Figment’s Public Validator Address | 710104ee21393df7b209e7f1202b60425075160aea52b60a9bcb0e996771f069 |
| Figment Staking Guide | HERE |
| Figment Supported MEV Relay | N/A |
| Recommended Wallet(s) | Ledger, OKX, Bitget |
| CoinGecko Profile | https://www.coingecko.com/en/coins/babylon |