Staking Yield Distribution
Last updated
Last updated
LBTC (Liquid Bitcoin) is a yield-producing liquid staked token. When you hold LBTC, the underlying BTC is staked to Babylon, securing its Babylon Genesis chain and Bitcoin Secured Networks — and earning you rewards in those BSN's native tokens.
The Staking Yield Pool aggregates all those rewards — from multiple BSNs — into one pool, designed to make claiming rewards from the Babylon ecosystem as seamless as holding LBTC. Today, the pool distributes BABY, Babylon’s native and governance token. But as the Babylon ecosystem grows into a security marketplace in Phase-3, expect a broader set of network tokens to be claimable from the Pool. Note: users who previously staked BTCB or cbBTC via our are still considered BTC stakers on a protocol level — delegated BTCB and cbBTC were incrementally swapped for BTC which was staked into Babylon. Additionally, the LBTC minted from these deposits can only be redeemed for native BTC.
BABY is Babylon’s governance token, and it’s being distributed to early adopters who staked in Phase-1. Over 400M BABY is airdropped at Babylon's TGE, with 200M BABY reserved for stakers that continue to stake until Oct 10th.
You can read more about the Babylon points distribution .
To coincide with the Babylon Phase-2 launch, the Lombard App has a new page—
The Lombard Protocol has received 88M BABY tokens, and has made them available for LBTC holders to claim from the on the Lombard App.
Claimable amounts are based on:
• How much LBTC you have held
• How long you have held it
Note: users who staked directly to Lombard's Finality Provider and do not hold LBTC can claim via Babylon's claims portal.
LBTC holders that continue to hold LBTC until Oct 10th, will be eligible to claim a portion of an additional 200M BABY points.
Additionally, as Bitcoin is staked to secure Babylon Genesis, Lombard Protocol accumulates staking yield in the form of additional BABY. This additional BABY is earned from providing bitcoin security to the Babylon Genesis chain and taking on additional (managed) slashing risk (currently set to 0.1%).
In the future, Babylon Phase-3 will lead to the opening up of securing multiple Bitcoin Secured Networks. At this time, other tokens will be available to claim, beyond BABY.
Learn more about Babylon's phased launch .
For more information, please .