eBaby - LST for Babylon chain
Last updated
Last updated
Overview eBABY is the liquid staking token (LST) for the Babylon Chain, designed to allow users to earn staking rewards while retaining liquidity. Instead of locking assets traditionally, users stake through Escher and receive eBABY—an LST that can be used across DeFi without giving up yield.
Escher's hidden layer architecture powers eBABY, offering instant issuance, composability, and cross-chain functionality for a better staking experience.
How eBABY Works When users stake BABY tokens on the Babylon Chain via Escher, they receive eBABY tokens in return. These tokens reflect their staked position and accrue staking rewards over time. The value of eBABY increases relative to BABY as staking rewards are added, meaning eBABY is not pegged 1:1 to BABY but appreciates over time.
The Process:
Stake BABY Tokens – Users deposit BABY or supported assets into Escher’s staking contract.
Receive eBABY – The protocol mints and issues eBABY tokens, reflecting the user’s stake.
Use eBABY in DeFi – eBABY can be utilized across lending, trading, yield farming, and liquidity pools.
Redeem eBABY – Users can return eBABY to receive their underlying BABY tokens and accrued rewards after a 52-hour unstaking period.
Key Benefits of eBABY For Users:
Instant Liquidity – No lockup; access eBABY immediately.
Flexible Asset Support – Stake BABY and other supported tokens through Escher.
Composable Yield – Earn staking rewards and use eBABY in DeFi simultaneously.
Simplified Staking – All actions are handled via one-click experiences thanks to Escher’s EIP-7702 integration.
For the Babylon Chain:
Increased Security – More staking participation enhances network robustness.
Capital Efficiency – More liquidity across DeFi protocols.
Ecosystem Growth – Attracts users from other ecosystems via chain abstraction.
Network Info:
Liquid Stake Time: Immediate
Unstake Time: 52 hours
Staking Frequency: Every 360 blocks
Fee: 10% on rewards
Intent Available: Yes
Stake with Other Tokens: Supported through Escher’s swap infrastructure