Babylon completes mainnet upgrade, BABY annual inflation rate reduced from 8% to 5.5%
ChainCatcher news, Babylon announced that it has successfully completed its mainnet upgrade, with two key BABY tokenomics adjustments now in effect, along with the addition of a convenient BTC staking extension feature:
· Annual inflation rate reduced from 5.5% to 5.5%: 250 millions fewer BABY tokens will be minted each year, achieving a more sustainable token economy.
· Introduction of Co-staking: Users who stake both BTC and BABY simultaneously can receive higher rewards compared to staking individually.
· BTC staking extension feature: Allows BTC stakers to extend the lock-up period of their existing staked assets without unlocking them.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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