Babylon completes mainnet upgrade; Babylon's annual inflation rate drops from 8% to 5.5%.
TL;DR
Babylon's mainnet upgrade reduced BABY token inflation from 8% to 5.5% and introduced co-staking for higher rewards and a BTC staking extension feature.
Tags
On November 14th, Babylon announced that "the mainnet upgrade has been successfully completed, two key economic adjustments to the BABY token have taken effect, and a convenient BTC staking extension function has been added."
• Annual inflation rate reduced from 8% to 5.5%: 250 million fewer BABY tokens will be minted annually, enabling a more sustainable token economy.
• Introducing Co-staking: Users who stake both BTC and BABY simultaneously can receive higher rewards than those who stake individually.
• BTC Staking Extension Feature: Allows BTC stakers to extend the time lock of existing stakes without unlocking them.