Enables the 💎‘$BABL Mining Program’💎, allocating 50% of the total supply, or 500K tokens, to Babylon participants over the next 10 years.

The intent is to distribute $BABL tokens to the users of Babylon in accordance with the value they provide to the community.

500K tokens to be distributed over 10 years. Emissions are the highest during the first few months and then slowly taper until the completion of the proposed program.

Timeline Once enabled, rewards will start on October 15th 2021.

Highlights

• Idle capital should not receive rewards.
• Only capital that has been allocated to active strategies should be eligible for rewards.
• Rewards will be calculated and distributed on a per strategy basis.
• Strategies with a greater ROI will receive a larger portion of rewards.
• Strategies with larger amounts of capital deployed and those that run for longer durations will receive a larger portion of rewards.
• Strategies that result in losses will provide $BABL rewards to LPs and only to the voters that downvoted the strategy.
• Voters should receive $BABL rewards based on their voting power.

The suggested breakdown for the strategy participants would be as follows:

• Strategist = 10% $BABL Rewarded for proposing the executed strategy.

• Voters = 10% $BABL Rewarded for providing signal on the executed strategy.

• LPs = 80% $BABL Rewarded for funding the executed strategy.

• Creators. 1.10x Bonus Receive a bonus as part of the strategist or voter role. That bonus will be 1.10x of the normal amount.

Full Details of the proposal 👇

https://docs.google.com/document/d/1UIEUcXMmlxizPMlOa4SRQNuYOlbv4eJmlm-PS03Kc3s/edit#