Babylon Finance: An innovative community-led asset management platform powered by DeFi

Babylon Finance: An innovative community-led asset management platform powered by DeFi

DeFi News
May 10, 2022 by Editor's Desk
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April 2022: For the longest time, the investment industry has functioned on a conservative model where investors enter, make profits, and bear losses individually. While there are a plethora of investment platforms powered by DeFi, the new generation of investors and global citizens find it difficult to unlock maximum returns from them. This happens because
Babylon Finance

April 2022: For the longest time, the investment industry has functioned on a conservative model where investors enter, make profits, and bear losses individually. While there are a plethora of investment platforms powered by DeFi, the new generation of investors and global citizens find it difficult to unlock maximum returns from them. This happens because of the ever-dynamic nature of DeFi. There’s an enormous amount of information influx 24×7, but no existing platform allows their community to collaborate and invest in DeFi together. But now, it’s time to change these dynamics once and for all.

Fortunately, Babylon Finance has introduced the first decentralized asset management protocol where deposits are owned and led by the community. Designed and developed by visionaries Ramón Recuero, Tyler Murray, and the team, Babylon Finance is all set to disrupt the new age of investing. The futuristic platform has been designed specially to enable the democratization of investing by providing everyone with access to the ongoing generational opportunity of creating remarkable value through DeFi. 

Before working on Babylon Finance, Ramón was at Y Combinator, creating new products to assist startup founders. Ramón was also the head of Product at OpenZeppelin, the creator of the ERC-20 token. Before getting into the space of crypto, Ramón led dev teams in Silicon Valley companies like Google and Zynga. Complementing Ramón’s unparalleled expertise in developing game-changing products, Tyler has led product engineering at the Allen Institute for AI (AI2). Before AI2, Tyler was the Product Lead for a new vertical with Moz, a young startup based in Seattle.

With their recently launched public protocol Babylon Finance shatters the rules laid by traditional investing methods that strengthen the foundation of structural wealth inequality. The platform aims to foster an inclusive community that enables investors and the growing tribe of global citizens to access the best opportunities even if they don’t have the capital, the know-how, or the time to do it by themselves. 

By investing together through a “Garden”, investors share the costs with all the other members of the club, dramatically reducing the execution and gas fees. Additionally,  investors can consolidate all DeFi transactions into just one taxable transaction. Finally, by participating in Babylon, users get to own a stake of the protocol through the mining rewards program of its native token, BABL.

1 Scaled

Running on top of the Ethereum blockchain, Babylon Finance is all about teamwork and the upliftment of all. Once a group of investors joins a community garden, it’s time to leverage their strengths as a community to grow their wealth together. Babylon Finance has been designed with an investment club mentality in mind.

 

This essentially means that all users can and are incentivized to participate in the decision-making process. Unique to its proposition, Babylon Finance facilitates a minimum of 1% of the profits created through a strategy to those who voted on that particular strategy. In addition to this, a strategist can earn up to 14% of the profit share for proposing and deploying profitable strategies. This makes for the perfect solution within a decentralized framework for investors to find profitable opportunities as well as connect with like-minded communities that match their time, risk, and liquidity preferences. 

2.2

The protocol’s micro-governance model enables users to deposit, propose and contribute from a wide selection of investment strategies, with premium benefits of the Ethereum blockchain, supported by Babylon Finance’s signature governance token BABL. What’s more- Users no longer need to manually claim and rebalance profits. Each garden is powered by cutting-edge technology that auto compounds investment profits across new and existing strategies to maintain maximum capital efficiency and trust.

 

About Babylon Finance

Babylon Finance is a community-led asset management protocol that enables users to create investment clubs (called gardens) and invest in DeFi together. It’s built on the Ethereum network, and it’s non-custodial, transparent, permissionless, and governed by the community.

Email: contact@babylon.finance

HQ Address: Babylon Finance DAO Inc. Advanced tower

1st floor, Panama City

Panama