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	0.01159USDT	-1.28%	47,977,913.00BABY	15,582	0.01174USDT	0.01182USDT
2	BABY-USDT BABY-USDT	okex	A	0.01158USDT	-1.32%	29,725,746.00BABY	19,746	0.01174USDT	0.01182USDT
3	BABY-USDT BABY_USDT	whitebit	BB	0.01158USDT	-1.28%	11,764,350.00BABY	8,598	0.01173USDT	0.01182USDT
4	BABY-USDT BABY1USDT	bybit	A	0.01161USDT	-1.11%	6,976,742.00BABY	4,195	0.01174USDT	0.01183USDT
5	BABY-USDT BABY_USDT	gateio	A	0.01159USDT	-1.26%	5,016,581.00BABY	6,297	0.01174USDT	0.01181USDT
6	BABY-USDT BABYUSDT_SPBL	bitget	BB	0.01159USDT	-1.24%	4,705,269.50BABY	4,514	0.01174USDT	0.01181USDT
7	BABY-TRY BABYTRY	binance	AA	0.5600TRY	-1.23%	4,634,478.00BABY	371	0.5669TRY	0.5719TRY
8	BABY-USD BABYUSD	kraken	AA	0.01160USD	-1.19%	4,566,238.16BABY	1,152	0.01174USD	0.01181USD
9	BABY-USDC BABYUSDC	binance	AA	0.01158USDC	-1.53%	1,441,709.00BABY	298	0.01176USDC	0.01179USDC
10	BABY-USDC BABY_USDC	whitebit	BB	0.01157USDC	-1.78%	1,360,954.00BABY	601	0.01178USDC	0.01185USDC
11	BABY-USDT BABY-USDT	kucoin	BB	0.01154USDT	-1.54%	467,817.70BABY	105	0.01172USDT	0.01179USDT
12	BABY-EUR BABYEUR	kraken	AA	0.01017EUR	1.70%	237,882.95BABY	19	0.01000EUR	0.01022EUR
13	BABY-USDC BABY-USDC	okex	A	0.01160USDC	-1.02%	230,670.80BABY	32	0.01172USDC	0.01174USDC
14	BABY-EUR BABY-EUR	okex	A	0.01010EUR	-0.89%	148,243.40BABY	462	0.01019EUR	0.01027EUR
15	BABY-USD BABY-USD	okex	A	0.01168USD	2.02%	97,477.60BABY	22	0.01145USD	0.01180USD
16	BABY-USD BABYUSD	cexio	BB	0.01160USD	-0.50%	1,523.60BABY	1	0.01166USD	0.01166USD
17	BABY-USDT BABYUSDT	cexio	BB	0.01132USDT	-3.23%	1,406.40BABY	1	0.01170USDT	0.01170USDT
18	BABY-USDC BABYUSDC	cexio	BB	0.01165USDC	0.19%	1,172.00BABY	1	0.01163USDC	0.01165USDC
19	BABY-USDT baby_usdt	lbank	C	0.01159USDT	-1.28%	152,408,660.80BABY	90,209	0.01174USDT	0.01182USDT
20	BABY-USDT BABY_USDT	p2pb2b	D	0.01159USDT	-1.28%	44,309,162.00BABY	14,960	0.01174USDT	0.01182USDT
21	BABY-USDT babyusdt	huobipro	C	0.01163USDT	1.09%	43,229,313.59BABY	8,444	0.01151USDT	0.01172USDT
22	BABY-KRW KRW-BABY	upbit	B	15.80KRW	-1.25%	37,726,478.92BABY	1,143	16.00KRW	16.20KRW
23	BABY-KRW BABY_KRW	bithumbkorea	-	15.69KRW	-1.13%	13,723,066.03BABY	599	15.87KRW	15.95KRW
24	BABY-USDT BABYUSDT	toobit	C	0.01159USDT	-1.36%	9,781,977.00BABY	6,321	0.01175USDT	0.01182USDT
25	BABY-USDT BABY_USDT	coinw	-	0.01159USDT	-1.36%	9,698,463.53BABY	1,707	0.01175USDT	0.01181USDT
26	BABY-USDT BABYUSDT	bitrue	D	0.01159USDT	-1.36%	8,278,203.14BABY	4,843	0.01175USDT	0.01182USDT
27	BABY-USDT BABY_USDT	bitunix	C	0.01159USDT	-1.26%	6,883,316.00BABY	9,821	0.01174USDT	0.01181USDT
28	BABY-USDC BABYUSDC	bitrue	D	0.01159USDC	-1.19%	5,244,683.69BABY	4,628	0.01173USDC	0.01181USDC
29	BABY-USDT baby_usdt	digifinex	D	0.01159USDT	-1.36%	1,375,210.10BABY	3,528	0.01175USDT	0.01182USDT
30	BABY-EUR BABY-EUR	bitvavo	B	0.01008EUR	-1.34%	1,117,754.90BABY	837	0.01021EUR	0.01026EUR
31	BABY-KRW BABY_KRW	coinone	C	15.71KRW	-1.01%	255,212.42BABY	94	15.87KRW	16.10KRW
32	BABY-USDC BABYUSDC	mexc	C	0.01220USDC	0.00%	0BABY	0	0.01220USDC	0.01220USDC
33	BABY-USDT BABYUSDT	coinex	C	0.01171USDT	2.77%	3,116.54BABY	7	0.01140USDT	0.01171USDT
34	BABY-BTC BTC-BABY	upbit	B	0.0₆1400BTC	0.00%	0BABY	0	0.0₆1400BTC	0.0₆1400BTC
35	BABY-THB THB_BABY	bitkub	C	0.3572THB	0.00%	0BABY	0	0.3572THB	0.3572THB
36	BABY-USDT USDT-BABY	upbit	B	0.01908USDT	0.00%	74.48BABY	1	0.01908USDT	0.01908USDT