BBY
BabylonDAO
Set 7 months ago
on January 9th, 2022 at 11:05:09 AM UTC
-69.65%
Data accurate as of 8 days ago
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The all-time highest price ever paid for BabylonDAO was 67.67 USD. This ATH price was set on January 9th, 2022.
BabylonDAO is a decentralised autonomous organisation that aims to build the reserve currency on the Solana network. All $BBY is backed by a basket of assets (e.g. USDC) that produces an intrinsic value that it cannot fall below.
The treasury contains assets used to maintain the intrinsic value of $BBY. The assets in the treasury that aren't used to mint new $BBY are used not just only to farm the market, but to perform arbitrage on the trading pairs that will be on BabylonSwap.
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