$BABY unlock schedule is what's been sitting in the back of my head all week. First unlock hit on May 10, 2026, and now we're staring at the next tranche landing August 10 roughly 4.28B tokens already released, with 1/36th of the locked pool dripping out every month for the next 33 months straight through April 2029. That's not a cliff, that's a slow leak that never really turns off.
@BabylonLabs_io Layer that on top of the April unstaking event where $1.3B in BTC walked out and TVL dropped from about $4B to $2.69B in a matter of days. The network can lose a quarter of its BTC weight faster than the burn side can respond. Meanwhile there are over 200 finality providers now competing over a smaller pie.
The math I keep sketching: monthly emissions plus unlocks vs. actual BSN fees hitting the auction. Right now the second number is basically invisible on-chain.
Would you hold #baby through the August 10 unlock, or wait for a real burn print first?
@BabylonLabs_io Layer that on top of the April unstaking event where $1.3B in BTC walked out and TVL dropped from about $4B to $2.69B in a matter of days. The network can lose a quarter of its BTC weight faster than the burn side can respond. Meanwhile there are over 200 finality providers now competing over a smaller pie.
The math I keep sketching: monthly emissions plus unlocks vs. actual BSN fees hitting the auction. Right now the second number is basically invisible on-chain.
Would you hold #baby through the August 10 unlock, or wait for a real burn print first?