Heart Bonds
Last updated
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Last updated
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Today, we are excited to introduce the Bond program, so Babylonians can receive extra discounts on BABL staking — up to 10% — for giving the protocol assets that Babylon needs.
In Babylon, the protocol wants to acquire the following assets:
Here is how to do it 👇
Select Mint LP Tokens to Wallet
3. Select the amount of BABL & WETH that you want to deposit. At least $3k in combined value.
4. Approve BABL & WETH and then send the transaction to get the LP tokens.
6. Click on Bond
7. Select BABL-ETH
8. Approve it and send it
9. Receive 5% extra staked BABL 🎊
2. Click on DAI or FRAX on the left side.
3. Select the amount (at least $3k)
4. Confirm the transactions to receive your LP tokens.
6. Click on Bond
7. Select fDAI or fFRAX
8. Approve it and send it
9. Receive 3% extra staked BABL 🎊
Almost two months ago, we released 🫀 a supercharged staking mechanic for BABL holders combining +10 token mechanics from the best of DeFi.
The Heart has already generated 27% extra BABL for stakers, averaging 160% APR. It is not a surprise that the capacity was reached quickly and it had to be increased twice through .
According to Investopedia, a bond is a that represents a loan for a specific duration made by an investor to a borrower. In the simplest case, upon maturity, the depositor receives the principal.
(OHM) popularized the concept in DeFi to allow the protocol to accumulate Protocol Controlled Liquidity (PCV) in exchange for discounts to the bonder.
🦄 BABL-ETH Uniswap V3 LP tokens. We want to substantitally increase the liquidity of our pair to provide more depth for traders and prevent liquidation cascades i.e 🤖.
🤝 . We created lending and borrowing markets to allow Babylonians and Gardens to use BABL as collateral. We need to increase the liquidity to expand our support to partners.
🦄 Our pair on Uniswap has now more than $1M in liquidity. Our goal is to increase this number to +$2M in the next 6 months.
To facilitate the process to add liquidity to the pair, we have paired with Gamma. Users only need to deposit into gamma and receive typical ERC-20 tokens that then can bond into the heart.
5. Head to the heart page ()
Our Fuse Pool currently has more than . We want to increase this number to +$10M during the year to add tokens from different partners while keeping enough liquidity for all borrowers.
Head to our pool on Rari ()
