TLDR: Users impacted by the Rari Hack will recover all their funds. On September 26th, affected users will be able to use https://babylon.finance/rarihack to claim their reimbursement. 😢 The Drama On April 20th, Rari was hacked and more than $70M was stolen. Several Babylon gardens (on-chain funds) had capital allocated to Rari and…

Update: Snapshot has been taken at block 15492713. Wallets with at least 2.6 BABL qualify for the whitelist. This week we announced that Babylon Finance is shutting down. …

Babylon is a community-led asset management protocol that enables users to create investment clubs (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. Update: For the liquidation…

July 8th, 2022 — 📖 Overview Gardener’s Digest is a weekly newsletter highlighting updates and news in the Babylon Finance ecosystem. 📢 News CoinGecko Podcast with Babylon’s Founder 🦎 A new (old) podcast has come out from CoinGecko with Babylon Finance’s founder Ramon Recuero. …

July 1st, 2022 — 📖 Overview Gardener’s Digest is a weekly newsletter highlighting updates and news in the Babylon Finance ecosystem. 📢 News Babylon Emergency Response & Rari Fuse Pool Rescue 🚑

June 24th, 2022 — 📖 Overview Gardener’s Digest is a weekly newsletter highlighting updates and news in the Babylon Finance ecosystem. 📢 News Rari Fuse Exploit Reimbursement Vote

TLDR: Babylon paused withdrawals on Thursday to prevent users from exploiting the price oracle and the value of the Rari tokens. The team worked non-stop to revalue the Rari tokens in the price oracle to 0, finalize affected strategies manually, recover $717k collateral from the Fuse pool, distribute the collateral…

June 17th, 2022 — 📖 Overview Gardener’s Digest is a weekly newsletter highlighting updates and news in the Babylon Finance ecosystem. 📢 News Rari Fuse Exploit Reimbursement Vote

June 10th, 2022 — 📖 Overview Gardener’s Digest is a weekly newsletter highlighting updates and news in the Babylon Finance ecosystem. 📢 News New Heart of Babylon Epoch & Mechanics 🫀