[Babylon Completes Mainnet Upgrade, BABY Annual Inflation Rate Reduced to 5.5%]
On November 14, Babylon announced the completion of its mainnet upgrade and implemented two key adjustments to the BABY tokenomics, along with the addition of a BTC staking extension feature. Specifically:
1. The BABY annual inflation rate has been reduced from 8% to 5.5%, decreasing the minting of 250 million BABY tokens per year;
2. A joint staking feature has been introduced, allowing users to stake both BTC and BABY simultaneously for higher rewards;
3. A BTC staking extension feature has been added, enabling stakers to extend their staking time lock without unlocking their stakes.
