Babylon Protocol

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL is fetched from Babylon’s Staking API and represents the total Bitcoin locked in the Babylon staking protocol.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Babylon Protocol's governance or utility token carries a market capitalisation of 41,3 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (41,3 Mio. $) is small relative to deposits secured by the protocol (1,9 Mrd. $); a mcap/TVL multiple of 0.02× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. Oct 22, 2024
   Auf DeFiLlama gelistet

Babylon Protocol is a Restaking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed on Bitcoin. No public audit reports are listed on DeFiLlama for this protocol.

Babylon Protocol is a single-chain protocol, deployed exclusively on Bitcoin — this concentrates execution risk but simplifies the trust model. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Its token market cap (41,3 Mio. $) is small relative to TVL (1,9 Mrd. $) — a mcap/TVL ratio of 0.02 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Babylon Protocol — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Babylon Protocol is one of 7 Restaking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include EigenCloud, Symbiotic, b14g, and 3 more. These peer protocols collectively secure 11 Mrd. $ in deposits, giving you a frame of reference for whether Babylon Protocol's own TVL is at the top, middle, or tail of the category.

EigenCloud

TVL 10,2 Mrd. $ · 24h +0.49%

Symbiotic

TVL 535,4 Mio. $ · 24h +11.25%

b14g

TVL 244,4 Mio. $ · 24h +0.12%

OpenGDP Shared Security

TVL 33,3 Mio. $ · 24h -0.24%

Jito Restaking

TVL 18,4 Mio. $ · 24h -0.14%

Solayer Restaking

TVL 17,9 Mio. $ · 24h -0.52%