You can now check your @babylonlabs_io $BABY eligibility: https://t.co/Wa1nuAgrZk
📝 Continue reading for more details:
- First, you will connect your Ethereum wallet address that interacted with https://t.co/yFW1JUaWxP and is eligible for the drop. - Next, you will be prompted to connect a Babylon-compatible Cosmos wallet address, which is required in order to receive the $BABY tokens. - Once both wallets are connected, the system will register your eligibility - $BABY claims will officially go live tomorrow at 10am UTC. Be sure to connect your wallets now! - Claim period of 90 days from April 10th 2025
IMPORTANT: Any Babylon genesis wallets created AFTER the initial claim period will have to wait ~24 hours to claim their allocation, as the allocations will be mapped daily
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About the distribution and eligibility:
- LBTC & eBTC earned Babylon points at the same rate (1:1) - eBTC represents 33% of LBTC TVL, and has qualified for 33% of @Lombard_Finance $BABY allocation - A cutoff of 29 $BABY was implemented to ensure timely processing and gas costs of distribution and claiming - FYI: https://t.co/yFW1JUaWxP integration multipliers apply to seasonal rewards and do not apply to the $BABY distribution (Pendle YT unchanged)
https://t.co/WT8phhpg35 has upgraded its staking infrastructure to include @Obol_Collective distributed validators, unlocking new benefits for our users and even more rewards!
At https://t.co/WT8phhpg35, we aim to simplify non-custodial staking and make Ethereum accessible to everyone. Obol’s DVs create resilient infrastructure without sacrificing decentralization—better uptime, less risk, more rewards, while staying true to our principles.
What this Means for https://t.co/WT8phhpg35 Users:
✅ Better Performance Distributed Validators optimize uptime and fault tolerance, leading to more efficient and reliable staking infrastructure, which helps improve validator performance.
🔐 Lower Risk Obol's DVs use a Distributed Key Generation (DKG) process to eliminate single points of failure. This improves security and removes the need for extra backups, reducing operational risk while keeping your stake protected.
💸 More Rewards Higher validator uptime and efficiency mean more staking rewards for users. Additionally, the $OBOL Incentives program allows the https://t.co/WT8phhpg35 protocol to earn additional rewards, maximizing staking earnings for users.
https://t.co/WT8phhpg35 is simplifying non-custodial staking while @Obol_Collective brings resilience through Distributed Validators. Together, we're making staking more secure, efficient, and rewarding for everyone.
Join us tomorrow at 10a EST for our biweekly AMA. Season 4 distributions, updates to Season 5, with special guests from @movementlabsxyz @swellnetworkio!