The Babylon Genesis chain is scheduled for public launch at 10AM UTC 10th April 2025, following a brief set-up period (to activate essential components such as validators nodes, finality providers, vigilantes, bridges, etc).
Babylon Genesis will be the first chain that is secured by Bitcoin staking. It is a key step in realizing the third native use-case of Bitcoin after payment and holding: staking.
The Babylon project envisions a Bitcoin-empowered decentralized world. The vision is realized via a 3-phase launch of its Bitcoin staking protocol:
For more information about Babylon Genesis, please refer to this blog.
For more information about Babylon tokenomics, please refer to this blog.
For technical documentation, please refer to Babylon Labs docs.
Eligible airdrop recipients will receive their BABY tokens in their registered BABY wallets. No claim is needed. For more details about the airdrop, please refer to the Babylon early adopters airdrop announcement.
Babylon Genesis is secured both by BABY and Bitcoin staking. The chain is secured by CometBFT validators that receive BABY delegation and by finality providers that receive Bitcoin delegation. The security is slashable: the validators and the finality providers are slashed if they misbehave. The BABY total supply has an annual inflation of 8%, half of it (4%) will be the reward for BABY stakers and the other half will be the reward for Bitcoin stakers.
BABY token transfer and staking will be enabled on Day 1. Various wallets, custodians, and exchanges support BABY staking.
To register, Phase-1 stakers only need to submit a registration transaction to Babylon Genesis per stake. The transaction includes the technical metadata needed to activate the stake, including the staker’s cryptographic consent to provide slashable security. The registration transaction is a Cosmos SDK transaction that consumes BABY as gas. It is not a Bitcoin transaction.
Fresh Bitcoin stakers need to:
By waiting for the unboding pre-approval before committing to staking, the staker can ensure that it will be able to unbond unilaterally anytime after staking.
Other key features include on-chain governance and permissioned CosmWasm smart contract deployment.
Many mainstream wallets support BABY token and its staking features. Comprehensive guides are already available for users of Keplr, Leap, Cosmostation, Keystone, Ledger and Fordefi. Additionally, more wallet support is currently in the planning stages.
For users who seek custody solutions, the following custodies and a few others are readily available. More will come soon.
Technical user can refer to the BABY Staking CLI Guide here.
The Babylon Bitcoin staking dashboard provides full Bitcoin staking features, including:
A list of other platforms that support Bitcoin staking can be found here.
Technically savvy stakers could refer to Bitcoin Staking CLI Guide here.
Please kindly note that:
Note: only cap-1 stakes can register for the first 2 weeks for security reasons.
(Please note that infrastructures and applications that have an on-chain component will need to pass governance proposals. The projects mentioned here are those expressed their interests.)
The Phase-2 codebase has been audited by:
Further audits are being copy edited and their reports will be published in due course. All audit reports can be found on our documentation site.
The Babylon Genesis chain Bug Bounty Program is scheduled to launch upon the Babylon Genesis launch and it will cover the Phase-2 scope and impacts with a maximum reward of $2M. It will replace the current Phase 1 bug bounty program.
THIS IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY BABY, AND IS NOT AN OFFERING, ADVERTISEMENT, SOLICITATION, CONFIRMATION, STATEMENT OR ANY FINANCIAL PROMOTION THAT CAN BE CONSTRUED AS AN INVITATION OR INDUCEMENT TO ENGAGE IN ANY INVESTMENT ACTIVITY OR SIMILAR. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL.
This page contains hypothetical, forward-looking, and projected figures, which are not guaranteed and are subject to change. Actual numbers may vary. Babylon Foundation and its affiliates make no representation or warranty, express or implied, as to the completeness, reliability, validity, or accuracy of this information. The content here may contain incorrect information and errors. You agree and acknowledge that any information contained herein is subject to change without notice. No advice or information, whether oral or written, obtained from Babylon Foundation, will be construed to create any warranty or representation. All information in this document is provided on an “as is” basis without any representation or warranty of any kind.
The documents provided herein describe certain planned and specified economic fundamentals of a digital asset, BABY. These materials are intended for informational purposes only and are meant to outline the usage and functionalities of the asset within Babylon Genesis. It is important to understand that the primary purpose of BABY is to pay for fees, provide a mechanism for securing consensus, and allow for decentralized governance on Babylon Genesis; it is not intended to serve as an investment.
Our Terms of Use (found here) include additional risk disclosures, warranty disclaimers, and limitations on liability. We recommend that you read these to ensure you understand the full scope of the applicable terms and conditions.