Babylon
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
Inflation
Utility
Burns
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism: Rollup from AltLayer
- Virtual Machine:
- Development language used:
Transaction Details
How it works
- From Messari (16-4-2024):
"The protocol employs innovative cryptographic methods and a native Bitcoin staking functionality that avoids centralized trust, with features like remote staking and a unique slashing mechanism. While promising, its success depends on broader adoption of the Inter-Blockchain Communication (IBC) protocol."
"Babylon offers native permissionless BTC staking on Bitcoin which accrues yield from securing rollups. Babylon is working together with AltLayer to build a “decentralized verification layer for rollups secured by BTC“. Read more."
Fees
Upgrades
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
- Babylon has raised $70 million (30-5-2024) in a funding round led by Paradigm. Among other investors are Polychain Capital, Bullish Capital, HashKey Capital, Hack VC, IOSG Ventures, Amber, Galaxy, Breyer Capital, Mantle, HTX Ventures, and LD Capital.
Partners
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