BABYLON DAO is a decentralized reserve currency protocol operated by algorithms and governance. Babylon is built on Solana, and its value is determined by multiple assets stored in the Babylon DAO library. BABYLON's governance operates through game theory.

First of all, it is an imitator of Olympus DAO. It is built on Solana and is not compatible with EVM. BBY is a variant of algorithmic stable currencies (such as ESD). There are two main micro innovations: there is no anchoring. It is not actually a stable currency, but a non-sovereign currency.

The first point is to change the traditional second pool of incentive selling to incentive buying to lock in liquidity. Abandoning anchoring solves the negative feedback problem of "failure" and "prison" in the past. Most stablecoins, because they are unsecured or partially secured, face negative feedback issues after the token price drops by more than $1. BABYLON is very straightforward and has eliminated this goal.

The second point is BABYLON's bond design mechanism. In the past, platform token incentives were designed to provide liquidity and reduce volatility losses. Now it is changed to incentive lock-in, which can realize platform token vaults. Both pledge and bond sales encourage lock-in and encourage lock-in through high returns. But unlike the second pool incentive lock, the second pool arbitrage is simple and easy to short-sell. The token price fell and entered negative feedback. But if you are willing to sell LP tokens to the agreement and get more platform tokens back, there is a high probability that it is not a short-drilling sale. Because the LP trading platform tokens increase market risk, they are very likely to: 1. Pledge; 2. Re-match LP (increased leverage) and sell again to reduce selling.

The essence of stable assets is to implement monetary policy through algorithmic adjustment of supply and market expectations. If you don't rely on external continuous income, it is often difficult to achieve a virtuous circle, and the market falls, and it is easy to enter a dead end.

Therefore, Babylon DAO will soon launch AMM-based DEX-BabylonSwap, which is a decentralized exchange with sufficient liquidity. It has strong liquidity protection, extremely fast transaction experience and low gas fees.

In this way, Babylon DAO has both the blessing of community beliefs and the exchange of external income, which is the only way for algorithmic assets to break the death spiral curse. If there is external income (such as DeFi for borrowing and trading), it will land.

The final ideal model requires trial and error. In the end, it may be a hybrid model. With some practical application support (DEX, open platform) + some algorithm adjustments, Babylon DAO will undoubtedly be more successful than other fork OHM projects.

Finally, let us pray for Babylon Road! Pray, the great Babylonian road, the great Marduk, our mission is to follow, Staking, WAMGI.

BABYLON DAO is a decentralized reserve currency protocol operated by algorithms and governance. Babylon is built on Solana, and its value is determined by multiple assets stored in the Babylon DAO library. BABYLON's governance operates through game theory.

First of all, it is an imitator of Olympus DAO. It is built on Solana and is not compatible with EVM. BBY is a variant of algorithmic stable currencies (such as ESD). There are two main micro innovations: there is no anchoring. It is not actually a stable currency, but a non-sovereign currency.

The first point is to change the traditional second pool of incentive selling to incentive buying to lock in liquidity. Abandoning anchoring solves the negative feedback problem of "failure" and "prison" in the past. Most stablecoins, because they are unsecured or partially secured, face negative feedback issues after the token price drops by more than $1. BABYLON is very straightforward and has eliminated this goal.

The second point is BABYLON's bond design mechanism. In the past, platform token incentives were designed to provide liquidity and reduce volatility losses. Now it is changed to incentive lock-in, which can realize platform token vaults. Both pledge and bond sales encourage lock-in and encourage lock-in through high returns. But unlike the second pool incentive lock, the second pool arbitrage is simple and easy to short-sell. The token price fell and entered negative feedback. But if you are willing to sell LP tokens to the agreement and get more platform tokens back, there is a high probability that it is not a short-drilling sale. Because the LP trading platform tokens increase market risk, they are very likely to: 1. Pledge; 2. Re-match LP (increased leverage) and sell again to reduce selling.

The essence of stable assets is to implement monetary policy through algorithmic adjustment of supply and market expectations. If you don't rely on external continuous income, it is often difficult to achieve a virtuous circle, and the market falls, and it is easy to enter a dead end.

Therefore, Babylon DAO will soon launch AMM-based DEX-BabylonSwap, which is a decentralized exchange with sufficient liquidity. It has strong liquidity protection, extremely fast transaction experience and low gas fees.

In this way, Babylon DAO has both the blessing of community beliefs and the exchange of external income, which is the only way for algorithmic assets to break the death spiral curse. If there is external income (such as DeFi for borrowing and trading), it will land.

The final ideal model requires trial and error. In the end, it may be a hybrid model. With some practical application support (DEX, open platform) + some algorithm adjustments, Babylon DAO will undoubtedly be more successful than other fork OHM projects.

Finally, let us pray for Babylon Road! Pray, the great Babylonian road, the great Marduk, our mission is to follow, Staking, WAMGI.