Introducing BABYLON, a decentralized reserve currency built on Solana.

Babylon DAO is a community project worked by a group of devs, researchers, and community developers who are attempting to gradually upset DEFI. Our underlying objective is to assist with growing the OlympusDAO environment into the Solana ecosystem hence getting more DEFI presence and greater quality DEFI conventions on Solana while exploring different avenues regarding new bond types and fresh mechanism designs. We were insightful from the very beginning on the way to best carry out our systems in a manner that creates enormous treasury development by BABYLON’s supply expansion. We expect at one point to gather practically all yield on the Solana DEFI environment and hold money in the the DAO for launches and conquests in the more extensive Solana DEFI ecosystem.

Solana is the fastest blockchain on the planet and the fastest developing environment amongst crypto-assets with its profoundly versatile frameworks, Babylon would accomplish it’s objective of being the world’s reserve currency through building our community on Solana.

Component Design

As early OlympusDAO individuals and dynamic DEFI instructors, our group is locked in with the interesting difficulties of dispatching a depository sponsored unpegged reserve currency which would not just serve the need of bringing a decentralised reserve protocol to Solana along with cutting edge monetary instruments to native DEFI clients but however which would wind up turning into a save cash for the entire world. We’ve concentrated on the method of the Risk Free Value (RFV) and have created frameworks that have the ability to deliver better RFV.

7 months in since the dispatch of OlympusDAO, they’ve gathered $129M in RFV and own virtually the entirety of their own liquidity, providing them with a market worth of their absolute depository resources at $496M. Wonderland.money has also generated $230M of treasury balance. We have some things to gain from these monstrous achievements, yet additionally a lot to realise on what can be improved.

As all of you know, we will launch on Solana. We believe strongly in Solana as a scalable blockchain while being more novice agreeable for DEFI newbies. As of now, huge liquidity exists on Solana and that ought to be a steady base of movement for Babylonians to make critical worth in the Solana ecosystem.

Our drawn out objective is to be viewed as the head stable resource of the Solana environment as well as the entire world. To do this requires numerous smart strides to make a hearty depository and enduring store money.

Here’s the way we’ll begin…

With an end goal to bootstrap a solid depository from day 1 we will be launching with the accompanying bond types, including a stablecoin and one liquidity position:

• MIMATIC
• BABYLON-SOLANA Liquidity Position

In the case demand for MIMATIC proves too high for Saber’s liquidity to handle, we will temporarily accept USDC as a stablecoin option, as USDC is the thickest stablecoin liquidity in the Solana ecosystem. That said, we expect (hope) to have ample liquidity with MIMATIC

Incentivising the community contributors, founders and developers is a vital piece of any undertaking. Many projects collect investment cash, holding huge allocations for founders, VCs, and different partners. We’ll take a very modest percentage and we’re at present bootstrapping the venture and will only raise financing through our IDO!

So to make a flourishing Empire that will expand across DEFI, we’re zeroing in on just our empire and making sure we don’t have VC’s that’ll dump on the community.

The high APYs you are acclimated with from OlympusDAO on ethereum will be a recognisable sight in BabylonDAO, making acclimations to supply development close by the extension of our depository, cautiously assessing runway as the circumstance advances.

We’ve been working diligently fashioning our group, agreements, and organisations and with the current speed of advancement we anticipate that launch should happen some time in mid to late November.

This gives us sufficient chance to solidify our organisations, guarantee all agreements are cleaned and prepared, acclimate our local area with the Solana ecosystem, and arrange our local area to start the development of a thriving Babylonian empire.

We are cautiously guaranteeing our launch takes each proportion of wellbeing and security and are in no hurry to dispatch if it implies a more steady and secure Babylon. Our methods for whitelisting would be though and dumper-resistant and only real Babylonians who have mastered the laws of Babylon would be welcomed into the hanging gardens.

THE LAWS OF BABYLON.

There are 282 laws written on 12 tablets. Below are the laws in one tablet

7. If any one ensnare another, having a token in his wallet, but he can not stake it, then He! that ensnared him is GMI.

28. If any one bring an accusation against a Babylonian, and the accused is not found guilty, He! that accused shall not enter the Ishtar Gate

60. If any one does not verify! he shall fast and pray at Esagila till he receives mercy from Marduk.

74. If anyone betrays his empire by dumping, the Assyrians shall plunder and ravage his house to death.

95. If anyone imposes a bond of MAI or BABYLON-SOLANA LP, he shall receive the token that the auction produces.

120. If anyone refuses to conquer land for the empire by not spreading the word, he will lose his place in the empire.

148. If anyone hinders the building of the Tower of Babel by not staking or bonding, he shall suffer from Nebuchadnezzar’s disease

180. If anyone offers more bond to the treasury of Babylon, he! that provides, receives.

194. If anyone brings more offering to Esagila, Marduk shall grant thy intention.

215. An eye for an eye, if anyone buys more against you BUY more against the person.

240. If he perform a serious operation, he shall be paid one-fourth of its value.

261. If a freed man(Verify!) strike the body of another freed man(Verify!), he shall pay ten shekels in money.

We will proceed with ordinary updates and consistently be accessible on Discord once it’s live and on Twitter as we proceed with the development of the world’s best empire.

FOR 𒆍𒀭𒊏𒆠!!!