Babylon completes mainnet upgrade; Babylon's annual inflation rate drops from 8% to 5.5%.

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On November 14th, Babylon announced that "the mainnet upgrade has been successfully completed, two key economic adjustments to the BABY token have taken effect, and a convenient BTC staking extension function has been added."

• Annual inflation rate reduced from 8% to 5.5%: 250 million fewer BABY tokens will be minted annually, enabling a more sustainable token economy.

• Introducing Co-staking: Users who stake both BTC and BABY simultaneously can receive higher rewards than those who stake individually.

• BTC Staking Extension Feature: Allows BTC stakers to extend the time lock of existing stakes without unlocking them.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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