Establish a partnership with Babylon finance starting with priority access to their NFT IDO event.
Babylon.finance is doing an NFT drop of 10,000 prophets that doubles as an IDO for their governance token, BABL.
The event is called The Arrival and it is scheduled for Nov 15th- Nov 19th.
Each Prophet NFT will grant different benefits:
Access to the private beta during the highest period of mining rewards
BABL tokens. Each NFT will give its owner the right to claim BABL tokens. Great opportunity to acquire the governance token before it is available on exchanges.(Note: Only people outside the US can claim BABL).
BABL bonuses. Additional BABL rewards for depositing, voting, creating strategies, and managing gardens are given to the prophet NFT holders.
PFP. The NFT can be used as a Babylon ID card.
There are 8,000 common prophets that can be minted by prior registration.
An additional 1,000 Great Prophets will be on auction.
1,000 legendary prophets are reserved for the future.
If you are an xSUSHI holder, you can fill up the form here Babylon.finance.
Our friends at Babylon.finance will verify that the wallet indeed holds xSUSHI.
Addresses will be sorted out by xSUSHI Balance and given priority access vs general entries.
Everyone will also be able to participate in the auction of the 1,000 great prophets from Nov 15th to Nov 19th.
The Auction will start on Nov 15th at 8am PST.
The event code will be open-sourced and available on Nov 12th.
Babylon is a community-led asset management protocol that enables users to create investment clubs or pools (we call them gardens ) and invest in DeFi together.
It’s built on the Ethereum network and it’s non-custodial, transparent, permission-less, and governed by the community. BABL is the governance token behind it.
Babylon is still in private beta, but in the last 6 weeks, the project has grown from $1M to $12M in TVL.
You can read more information in their Litepaper here.
Sushi family can offer immediate benefits to Babylon.
- BABL / ETH pool. Be the exclusive pool for the first weeks. Ideally incentivized with SUSHI.
- BABL Lending/Borrowing via Kashi.
On the Babylon side, they integrate with DeFi protocols like Yearn, Curve, Uniswap, Compound, or Aave to offer DeFi operations as a primitive.
In Babylon, groups of investors can create a garden and start DeFi strategies that generate wealth. It’s code-less, UI based. You can check a video of how this works here.
Babylon and Sushi can work together and offer different sushi operations through gardens like:
- Adding Liquidity to a Sushi pool + staking the LP tokens.
- Swapping a token on Sushi AMM. Support the new Trident release. It will allow Babylon strategies to swap assets with higher capital efficiency via:
- Classic Pools
- Concentrated Liquidity Pools
- Index Pools
- Stable Pools
- Lending/Borrowing via Kashi
This could open a wave of innovation and deliver Sushi products to a new audience.
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