BABY FAQs

1) What is the BABY token?

BABY is the native token of Babylon, a Bitcoin-secured Layer 1 network. It plays a key role in:

• Securing the Babylon Genesis chain by incentivizing BTC staking

• Governance participation within the Babylon ecosystem

• Rewarding BTC stakers and Finality Providers

2) Why is there a BABY airdrop?

The BABY airdrop rewards early participants in Babylon’s staking ecosystem. Users who staked BTC to Finality Providers, or staked via Lombard for LBTC, or acquired LBTC from a DEX or DeFi activities can claim BABY based on their staking activity and accumulated Babylon Points.

3) Who is eligible to claim BABY from Lombard?

All LBTC holders can claim BABY through Lombard’s Staking Yield Pool.

4) Who is eligible to claim BABY directly from Babylon?

BTC stakers who staked directly to Lombard's Finality Provider and did not participate in LBTC, or other LSTs, can claim BABY through Babylon’s claims portal.

5) How is the BABY airdrop amount calculated?

Over 400M BABY is airdropped at Babylon's TGE, with an additional 200M BABY reserved for stakers that continue to stake for 100 more days.

The Lombard Protocol has received 88M BABY tokens, and has made them available for LBTC holders to claim from the Staking Yield Pool on the Lombard App.

Claimable amounts are based on:

• How much LBTC you hold (higher amount = higher rewards)

• How long you've held it (longer hold = more rewards)

You can read more about the Babylon points distribution here.

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For LBTC holders: Claiming Your BABY Tokens via Lombard

6) Are LBTC holders eligible for the BABY airdrop?

Yes, LBTC holders who staked through Lombard or held LBTC during Babylon Phase 1 are eligible for BABY rewards.

7) How do I claim my BABY tokens through Lombard?

Please refer to our user guide.

8) What can I do with my BABY tokens after claiming?

After claiming BABY, users have three options:

• Trade BABY for LBTC or other assets on supported DEXs like Tower (Babylon-native Uniswap v2 style DEX)

• Stake BABY with Babylon to earn additional rewards, available natively through Babylon Genesis compatible wallets: Keplr, Cosmostation, and Leap.

9) Do I need a specific wallet to claim BABY?

Yes. You need a Babylon Genesis-compatible wallet to receive BABY. Supported wallets include:

• Keplr

• OKX Wallet

• Cosmostation

• Leap

• Bitget Wallet

10) What happens if I don’t claim my BABY tokens immediately?

If you do not claim your BABY tokens, your rewards will remain in the LBTC Staking Yield Pool for up to 3 months. After that, unclaimed BABY will expire and can no longer be claimed.

11) Do I need to pay any fees to claim BABY?

The approximate gas fee for Babylon Genesis will be deducted from the BABY you claim. No other fees are charged by Lombard.

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Ongoing Incentives and BABY Staking Rewards

12) Will Babylon continue offering incentives after the BABY airdrop?

Yes. The BABY airdrop is only the beginning.

Babylon has allocated an additional 200M BABY for early adopters that remain staked for 100 days after their TGE event. To remain eligible to claim from this additional pool of BABY, users must keep their BTC staked.

For more details, please refer to this blog from Babylon on claiming.

Additionally, LBTC will continue to earn BABY as a reward for securing the Babylon Genesis chain. These rewards will be claimable by current LBTC holders from the Staking Yield pool every 2 weeks.

Then, LBTC will earn more staking rewards from BSNs like TAC, BOB, Osmosis & more yet to be announced!

13) Will BABY be used as a staking reward?

Yes. BABY will be issued as:

• Validator rewards

• Staking rewards for BTC stakers

• Incentives for securing Babylon Genesis and BSNs

14) How can I participate in future BABY incentives?

Users can earn additional BABY by:

• Remaining staked via LBTC

• Staking new BTC with Lombard for LBTC