Babylon Airdrop Blogpost: Key Details and Updates
Today marks an exciting milestone for the Babylon ecosystem — the official distribution of BABY tokens has begun! We’re thrilled to share the latest updates with our xSolvBTC community, including details on the airdrop process, token allocation, and what’s next for Solv following our recent rebranding from SolvBTC.BBN to xSolvBTC. Read more about the rebranding here. Dive in to learn how to claim your rewards and explore the future of xSolvBTC!
Babylon Airdrop: Distribution Begins Today
The Babylon airdrop is officially live, and we’re transferring BABY tokens directly to users who linked their Babylon network addresses before April 10 6:00 AM UTC. Here’s everything you need to know:
- Over 120,000 Early Adopters: More than 120,000 users became early adopters of Babylon through xSolvBTC. Your participation has been instrumental in shaping this innovative ecosystem, and now it’s time to reap the rewards!
- Reward Allocation: To be eligible for the airdrop, users must qualify for at least 10 $BABY tokens based on their participation duration and staked amount. Eligible users will receive their full reward allocation, which is calculated according to their staking activity.
- Initial Distribution Underway: Solv pioneered the Babylon and EVM linking page in late March. Users who linked their Babylon network addresses before April 10, 6:00 AM UTC, will receive their full BABY token allocation today.
Missed the initial cutoff? No worries — additional distributions are coming! Solv will roll out $BABY tokens in five batches for addresses linked before these deadlines (all at 00:00 UTC):
- April 11
- April 13
- April 18
- May 10
- June 9
If you’ve linked your address before any of these dates, you’ll receive your tokens in the corresponding batch. Keep an eye out for updates as we process each wave!
xSolvBTC: The Next Chapter for SolvBTC.BBN
With the Babylon mainnet now live, we’re excited to announce a major upgrade: SolvBTC.BBN is officially rebranded to xSolvBTC. This evolution reflects our commitment to delivering the highest-quality liquid yield Bitcoin, unlocking new opportunities for our users.
What does this mean for xSolvBTC?
- More Flexibility: Enhanced features to adapt to your needs.
- Richer Yields: Increased earning potential for stakers.
- Smoother Liquidity: Seamless access to your assets.
- New Use Cases: Expanded applications across the ecosystem
As a Liquid Staking Token (LST) provider, Solv qualifies for Babylon’s “Stake Participation Airdrop.” We’re excited to reinvest 100% of these rewards into xSolvBTC, subsidizing yields to ensure you get the most out of your Bitcoin.
How to Claim Your BABY Tokens
Haven’t linked your Babylon network address yet? There’s still time! Follow these steps to ensure you’re eligible for upcoming distribution batches:
- Visit our registration page: https://app.solv.finance/xsolvbtc.
- Create a BABY wallet and connect your EVM address.
- Link your BABY address to your EVM address before the next batch deadline.
Missed the initial cutoff? Register by April 11, 00:00 UTC, to join the next distribution round. The sooner you act, the sooner you’ll receive your BABY tokens!
Looking Ahead
The Babylon airdrop is just the beginning. With xSolvBTC, Solv is paving the way for a new era of liquid yield Bitcoin, giving Bitcoin holders the best tools to maximize their assets. Stay tuned for more updates on features, partnerships, and opportunities ahead.
Thank you for being part of this journey!
