đ§smBTC
Liquid Staked mBTC
smBTC can be acquired by staking mBTC on Babylon through Babypie. This technology allows mBTC holders to receive a liquid staked version of their Bitcoin (smBTC), which can be used across different DeFi platforms while earning underlying yields from the Babylon staking protocol. The liquid staked version is called "smBTC," where the "s" prefix indicates that it is the staked version of mBTC.
The BTC staked via Babypie are set to be used by Finality Providers within the Babylon Ecosystem. Operators carry out the task of validating new technologies and systems while leveraging the security of Bitcoin. Through Babypie, users will be able to unstake their smBTC back into mBTC.
Benefits for smBTC holders:
smBTC is tradable, and its value increases relative to BTC due to its accumulated rewards.
smBTC holders accumulate rewards from different sources:
Babylon Staking Yield
Babypie Jewels
Babylon Points (Once the Babylon Points program goes live)
smBTC holders can earn even more yield by utilizing their smBTC across DeFi:
Cross-Chain
Providing liquidity on DEX platforms
Use smBTC on Lending platforms
Use smBTC on CDP platforms
Use smBTC on Yield platforms
Use smBTC on Restaking platforms
Point Farming across various platforms
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