PANews reported on November 14th that, according to official news, the Bitcoin staking protocol Babylon has completed a major mainnet upgrade, making two key adjustments to the BABY token economic model and launching a convenient BTC staking extension feature. Among these changes, the annual inflation rate for BABY has been reduced from 8% to 5.5%, and the annual minting volume has decreased by 250 million tokens, improving the sustainability of the token economic model. A joint staking mechanism has also been introduced, allowing users who stake both BTC and BABY to receive higher rewards, strengthening their alignment with the ecosystem's interests. Furthermore, the BTC staking extension feature allows users to extend their lock-up period without unstaking, ensuring a seamless transition of staking rewards and preventing interruptions.PANews reported on November 14th that, according to official news, the Bitcoin staking protocol Babylon has completed a major mainnet upgrade, making two key adjustments to the BABY token economic model and launching a convenient BTC staking extension feature. Among these changes, the annual inflation rate for BABY has been reduced from 8% to 5.5%, and the annual minting volume has decreased by 250 million tokens, improving the sustainability of the token economic model. A joint staking mechanism has also been introduced, allowing users who stake both BTC and BABY to receive higher rewards, strengthening their alignment with the ecosystem's interests. Furthermore, the BTC staking extension feature allows users to extend their lock-up period without unstaking, ensuring a seamless transition of staking rewards and preventing interruptions.
Babylon completes mainnet upgrade: BABY's annual inflation rate reduced to 5.5%, joint staking mechanism introduced.
PANews reported on November 14th that, according to official news, the Bitcoin staking protocol Babylon has completed a major mainnet upgrade, making two key adjustments to the BABY token economic model and launching a convenient BTC staking extension feature. Among these changes, the annual inflation rate for BABY has been reduced from 8% to 5.5%, and the annual minting volume has decreased by 250 million tokens, improving the sustainability of the token economic model. A joint staking mechanism has also been introduced, allowing users who stake both BTC and BABY to receive higher rewards, strengthening their alignment with the ecosystem's interests. Furthermore, the BTC staking extension feature allows users to extend their lock-up period without unstaking, ensuring a seamless transition of staking rewards and preventing interruptions.
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