Babylon – Not Rated
Review Date: March 21, 2021
Babylon Finance is an Ethereum-based protocol that provides yield to investors via community led funds. Babylon
offers an autonomous protocol where investors can find the fund(s) that match their risk, time, and liquidity
preferences. Within the fund(s), investors get access to the best investment ideas submitted by other participants.
Babylon was featured in the recent CoinList seed winter 2021 batch that aims to introduce the CoinList community
to high quality early stage projects.
The protocol code has not been open sourced yet. However, it was announced that it will be made publicly available
before mainnet launch, scheduled for the coming weeks. We also have access to the github accounts of the
founding team of the protocol, and they are showing great development activity on private repositories, related to
Babylon we believe. The founding team has secured $1.9M in funding at a valuation of $10M. They also announced
that there should be no new sale coming, but the vast majority of tokens will be distributed to users of the protocol.
We will definitely keep a close eye on this project as there should be a lot of activity during April, as stated in their
roadmap. The token is not trading yet.