Dear Users,
The Babylon Bitcoin Staking (Points Rewards) product under Binance Earn's On-Chain Yield has concluded. Binance will assist users with reward distribution and fund redemption as follows:
1. Points Rewards Update
- Per Babylon’s official announcement, the points program ended on April 2, 2025. No further points will accrue after this date.
To check your staked BTC, points earned, or redemption status:
- Navigate to Assets > Earn Account > Staking > On-Chain Yield Flexible.
2. BTC Redemption Process
- Users may initiate redemption anytime via the same path above. Funds will arrive in your Spot Account within 3 days.
- Unredeemed BTC will be automatically returned to your Spot Account by April 15, 2025.
3. Babylon BTC Staking Airdrop Distribution
- Rewards will be distributed as BABY tokens directly to your Spot Account by April 10, 2025. No action required.
4. Exclusive Bonus for Binance Users
- Participants via Binance receive an extra 12% airdrop reward (calculated separately from base points).
- Both base rewards and the bonus will be deposited together.
About Binance On-Chain Yield
Binance’s On-Chain Yield lets users explore decentralized protocols effortlessly—no technical expertise needed. Earn tokens, points, or other yields seamlessly through your Binance account.
👉 Discover high-yield opportunities with On-Chain Yield
Key Reminders:
- High Risk: On-Chain Yield involves smart contract vulnerabilities, market volatility, and protocol failures. Funds and yields are not guaranteed.
- Points Disclaimer: Earned points hold no monetary value and are non-refundable/transferable.
- Refer to the On-Chain Yield Terms and Risk Warning before participating.
FAQ Section
Q1: When will BABY tokens be distributed?
A1: By April 10, 2025, automatically to your Spot Account.
Q2: Can I redeem my BTC early?
A2: Yes, but processing may take up to 3 days. Delays could occur during extreme market conditions.
Q3: Is the 12% bonus visible in my points balance?
A3: No, it’s calculated separately and combined with the main airdrop.
Q4: Are points convertible to tokens?
A4: No. Points are non-exchangeable and exist only as protocol incentives.
Additional Resources:
We appreciate your trust in Binance!
Binance Team
April 10, 2025