@BabylonLabs_io
babylon mints roughly 8% more baby every year on a fixed schedule, no exceptions. the mechanism built to offset that isn't on a schedule at all it only burns baby when bsns route real staking rewards through genesis's auction, and multi-staking mainnet still hasn't launched, so that side of the ledger is mostly sitting empty right now.
an auction tied to actual revenue is a better design than an arbitrary burn target, on paper. right now, though, "tied to actual revenue" just describes a formula with nothing plugged into it yet.
i looked for a current burn total and didn't find one published anywhere probably because there isn't much of one yet, not because anyone's hiding it.
once multi-staking ships and bsns start routing real volume, how long before that burn side catches up enough to actually matter against the 8%? $BABY #baby 🔥
babylon mints roughly 8% more baby every year on a fixed schedule, no exceptions. the mechanism built to offset that isn't on a schedule at all it only burns baby when bsns route real staking rewards through genesis's auction, and multi-staking mainnet still hasn't launched, so that side of the ledger is mostly sitting empty right now.
an auction tied to actual revenue is a better design than an arbitrary burn target, on paper. right now, though, "tied to actual revenue" just describes a formula with nothing plugged into it yet.
i looked for a current burn total and didn't find one published anywhere probably because there isn't much of one yet, not because anyone's hiding it.
once multi-staking ships and bsns start routing real volume, how long before that burn side catches up enough to actually matter against the 8%? $BABY #baby 🔥
