Babylon Bitcoin Staking Protocol to Reward Early Adopters with 10B BABY Token Airdrop

The Babylon Foundation has launched an airdrop of its BABY token to reward early supporters of its Bitcoin-native staking protocol.

Babylon allows Bitcoin holders to directly stake their assets on the Bitcoin blockchain without intermediaries, maintaining custody of their Bitcoin while supporting proof-of-stake (PoS) networks and decentralized applications (dApps). The protocol currently boasts a TVL of $4.26 billion. The BABY token, capped at 10 billion, serves governance, transaction fees, and security functions. Its dual staking model offers both Bitcoin and BABY stakers 4% annual inflation in BABY tokens.

Token distribution includes rewards for the community, ecosystem development, early investors, and advisors, with multi-year vesting schedules. Babylon’s goal is to integrate Bitcoin’s security into PoS networks, expanding its decentralized finance (DeFi) capabilities.

Clever Robot News Desk 5^th April 2025