Question 1

What is the Babylon project?

Accepted Answer

Babylon is a modular protocol designed to extend Bitcoin’s security guarantees to Proof-of-Stake (PoS) networks through native Bitcoin staking. It enables Bitcoin holders to stake their BTC directly—without bridging or wrapping—by locking them in self-custodial Taproot scripts. The Babylon architecture consists of two layers:

- **The Bitcoin Layer**, where BTC staking occurs via on-chain scripts using BIP341
- **The Babylon Genesis Chain**, a Cosmos SDK-based chain that acts as a coordination and finality hub, validating checkpoints, enforcing slashing, and managing validator elections

This design allows PoS chains to anchor their finality and security to Bitcoin while providing BTC stakers with yield and preserving self-custody. The protocol includes fast unbonding through Bitcoin timestamping, reducing withdrawal time from 21 days to approximately 50 hours.

Babylon enforces slashing conditions for finality providers and delegators that act maliciously. The protocol is modular, allowing external chains to integrate via “Bitcoin Supercharged Networks” (BSNs) for timestamping and finality.

Question 2

What is Babylon (BABY) used for?

Accepted Answer

BABY is the native token of the Babylon Genesis Chain. It supports core operations on the chain and coordinates activities across the Babylon protocol. Its key uses include:

- **Staking**: BABY is staked to secure the Babylon Genesis Chain. Delegators assign BABY to validators, who produce blocks and validate Bitcoin checkpoint proofs. Staking follows an epoch-based execution model using the custom `x/epoching` module.
  
- **Governance**: BABY holders vote on on-chain proposals related to protocol changes, parameter updates, software upgrades, and whitelisting of smart contract deployers. Proposals require a minimum deposit of 50,000 BABY and follow a 3-day voting period.

- **Gas Payments**: BABY is used to pay for transaction fees on the Babylon Genesis Chain.

- **Incentives**: BABY rewards are distributed to both BABY and BTC stakers. Token inflation is set at 8% annually, split evenly between the two staking groups.

During the protocol’s permissioned phase, smart contract deployments are limited to governance-approved whitelisted accounts. BABY also plays a central role in incentivising correct validator and finality provider behaviour and in enforcing penalties through Bitcoin-level slashing mechanisms.

Question 3

Who created Babylon (BABY)?

Accepted Answer

Babylon Labs, the core development team behind the Babylon protocol, was co-founded by:

- **Professor David Tse**, a professor at Stanford University, known for his research in networks, consensus mechanisms, and distributed systems

- **Dr. Mingchao “Fisher” Yu**, a cryptography specialist and the Chief Technology Officer (CTO) of Babylon, who leads the protocol's technical design and architecture

Together, they introduced the concept of native Bitcoin staking as a solution to improve economic security in PoS networks without requiring token wrapping or bridging. Under their leadership, Babylon Labs has grown into a global team of engineers, protocol researchers, and Cosmos SDK developers.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BABY-USDT BABYUSDT	binance	AA	0.01447USDT	0,63%	196.715.364,00BABY	33.371	0.01438USDT	0.01506USDT
2	BABY-USDT BABY-USDT	okex	A	0.01447USDT	0,67%	81.597.818,60BABY	37.888	0.01437USDT	0.01498USDT
3	BABY-USDT BABY_USDT	whitebit	BB	0.01447USDT	0,63%	49.656.900,00BABY	24.346	0.01438USDT	0.01543USDT
4	BABY-USDT BABY1USDT	bybit	A	0.01444USDT	0,35%	19.521.199,00BABY	10.395	0.01439USDT	0.01488USDT
5	BABY-USDT BABYUSDT_SPBL	bitget	BB	0.01446USDT	0,59%	18.580.587,30BABY	5.499	0.01438USDT	0.01493USDT
6	BABY-TRY BABYTRY	binance	AA	0.7180TRY	0,84%	17.995.135,00BABY	1.968	0.7120TRY	0.7430TRY
7	BABY-USDT BABY_USDT	gateio	A	0.01447USDT	0,55%	12.277.088,00BABY	13.731	0.01439USDT	0.01491USDT
8	BABY-USD BABYUSD	kraken	AA	0.01445USD	0,70%	6.163.343,73BABY	1.268	0.01435USD	0.01488USD
9	BABY-USDC BABY_USDC	whitebit	BB	0.01442USDC	0,35%	3.449.493,00BABY	1.178	0.01437USDC	0.01505USDC
10	BABY-USDT BABY-USDT	kucoin	BB	0.01443USDT	-0,14%	2.543.221,70BABY	1.062	0.01445USDT	0.01488USDT
11	BABY-USDC BABYUSDC	binance	AA	0.01453USDC	1,18%	1.992.641,00BABY	774	0.01436USDC	0.01559USDC
12	BABY-USDC BABY-USDC	okex	A	0.01446USDC	0,47%	1.042.652,00BABY	326	0.01439USDC	0.01495USDC
13	BABY-EUR BABY-EUR	okex	A	0.01301EUR	1,17%	335.642,60BABY	447	0.01286EUR	0.01334EUR
14	BABY-EUR BABYEUR	kraken	AA	0.01256EUR	-2,64%	113.956,65BABY	21	0.01290EUR	0.01321EUR
15	BABY-KRW KRW-BABY	upbit	B	19,20KRW	0,00%	841.770.767,54BABY	19.583	19,20KRW	20,50KRW
16	BABY-USDT baby_usdt	lbank	C	0.01448USDT	0,70%	178.753.846,70BABY	93.621	0.01438USDT	0.01496USDT
17	BABY-USDT BABY_USDT	p2pb2b	D	0.01448USDT	0,70%	91.373.447,00BABY	20.089	0.01438USDT	0.01506USDT
18	BABY-KRW BABY_KRW	bithumbkorea	-	19,04KRW	-0,10%	42.946.686,06BABY	1.822	19,06KRW	19,61KRW
19	BABY-USDT BABY_USDT	coinw	-	0.01449USDT	0,56%	31.550.457,67BABY	2.481	0.01441USDT	0.01481USDT
20	BABY-USDT babyusdt	huobipro	C	0.01442USDT	0,72%	23.214.596,61BABY	5.682	0.01431USDT	0.01473USDT
21	BABY-USDT BABYUSDT	bitrue	D	0.01447USDT	0,56%	19.117.659,33BABY	6.764	0.01439USDT	0.01499USDT
22	BABY-USDT BABYUSDT	toobit	C	0.01447USDT	0,70%	15.421.058,00BABY	9.724	0.01437USDT	0.01496USDT
23	BABY-EUR BABY-EUR	bitvavo	B	0.01296EUR	0,98%	10.710.397,01BABY	2.583	0.01283EUR	0.01335EUR
24	BABY-USDT BABY_USDT	bitunix	C	0.01447USDT	0,58%	10.475.964,00BABY	14.873	0.01439USDT	0.01485USDT
25	BABY-USDT baby_usdt	digifinex	D	0.01447USDT	0,63%	5.408.475,20BABY	10.563	0.01438USDT	0.01499USDT
26	BABY-USDC BABYUSDC	bitrue	D	0.01447USDC	0,63%	4.496.891,77BABY	4.815	0.01438USDC	0.01491USDC
27	BABY-KRW BABY_KRW	coinone	C	19,20KRW	-0,41%	2.817.307,21BABY	519	19,28KRW	19,99KRW
28	BABY-BTC BTC-BABY	upbit	B	0.0₆1800BTC	-5,26%	267.545,12BABY	9	0.0₆1900BTC	0.0₆1900BTC
29	BABY-THB THB_BABY	bitkub	C	0.4818THB	0,77%	37.028,19BABY	12	0.4781THB	0.4942THB
30	BABY-USDT USDT-BABY	upbit	B	0.01490USDT	0,00%	0BABY	0	0.01490USDT	0.01490USDT