BABEL Token

What is BABEL?

BABEL is the secondary token issued by the BABEL protocol. It captures the fee revenue that is generated by the system and incentivizes early adopters and Frontend Operators. BABEL rewards will only accrue to Stability Providers — i.e. users who deposit LAI to the Stability Pool, frontends who facilitate those deposits, and liquidity providers of the LAI/BNB Pancake LP pool. As technical rewards, they are based on a preprogrammed functionality of the protocol and not on a claim towards BABEL or any third party.

What is BABEL's max supply?

BABEL has a max supply of 100,000,000 tokens.

* BABEL's initial token distribution plan

LAI Mining Pool Reward

32,000,000 is allocated to LAI mining pool rewards, which halved locked and released each year, 16,000,000 for the first year.

Allocated by the following function: 32,000,000 * (1–0.5^year). The purpose of this issuance curve is to favorably incentivize early adopters while also maintaining incentives for the long term.

LAI/BNB LP Mining Pool Reward

1,330,000 distributed to LAI/BNB LP mining reward pool, released in six weeks.

These tokens are earned by staking LAI/BNB Pancake LP tokens and will be distributed by the protocol over the course of 6 weeks.

BABEL/BNB LP Mining Pool Reward

1,330,000 is used as BABEL/BNB reward. Allocated within 6 weeks.

Community Building

2,000,000 is reserved for address A. No lock.

Airdrops for Ethereum Liquity Users

500,000 airdrop reward to Liquity users, 200,000 will be airdropped when TVL reaches 100 million US dollars, and 300,000 will be airdropped when it reaches 500 million US dollars.

Community-building Incentive

10,000,000 is used as a community-building incentive, unlocked in an average 5 years after 1 year of initialization.

Bruned

52,790,000 is burned at address 0.