Babylon Finance is a community-driven asset management protocol that runs on the Ethereum blockchain. Babylon Finance allows users to create trading communities called Gardens. Community members can invite members to deposit funds, suggest trading strategies, vote, and earn rewards. Babylon Finance collaborates with several different DeFi protocols to empower members with the tools they need to grow their assets under management. The mission of Babylon Finance is to create an ecosystem that rewards the users who support the trading ideas.

According to the litepaper, Babylon Finance is ERC-20 compatible, and participation in Gardens is implemented using the ERC-20 token standard. Garden tokens are trustless, and users can reissue or redeem them when entering or exiting the Garden. Babylon Finance allows users to suggest strategies, and other members can upvote or downvote them. It rewards based on the performance of the strategies. Users can develop a strategy by combining various DeFi protocols using Babylon Finance's interface without coding.

Users who don't know where to start can join Babylon Finance's Babylon Garden, discuss with strategists, and get exposed to the market by following experts. DeFi experts or strategists can share their expertise with the community of Babylon Finance to set up a Garden and help them access the community. Babylon Finance applies small fees based on the performance and funds allocated to the strategies.

In Gardens, users can split the transaction costs across all community members and earn a profitable margin. Gardens are trustless smart contracts, and only users have access to their funds. Gardens automate the profits across new and existing strategies to maintain capital efficiency. Each Garden in Babylon has an NFT (non-fungible token) that's a 3D representation of the Garden. The NFT changes as the Garden grows. The platform expects Gardens to eventually use the NFTs as membership badges that will provide access to unique opportunities.

The BABL is the ERC-20 governance token that runs the Babylon protocol. A governance token is a token that empowers its owners to participate in the voting to shape the future of a protocol. BABL allows token owners to participate in the protocol without gas governance. Users can also stake BABL tokens and earn APR (annual percentage rate).

The token of the platform has a total supply of 1 million BABL.

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