Asset Management Protocol Babylon Finance to Shut Down and Distribute Treasury Holdings Amongst $BABL and $hBABL Holders

Asset Management Protocol Babylon Finance to Shut Down and Distribute Treasury Holdings Amongst $BABL and $hBABL Holders
Asset management protocol Babylon Finance announced that the protocol will be shut down on November 15th as the team hasn't been able to revert the negative momentum caused by the Rari Capital hack incident. The team will consolidate all remaining treasury holdings and distribute them amongst $BABL and $hBABL holders, which will start on September 6th. Users need to withdraw their funds before November 15th. According to TokenInsight data, $BABL price dropped by 95.7% over the last 24 hours, trading at $0.219200 now.
Source

DeFi

In This Article

Related News
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Cardano shifts to decentralized governance as Chang hard fork goes live Cardano shifts to decentralized governance as Chang hard fork goes live
Latest News More More
13 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
13 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open