The number that stands out on the protocol parameters page is not a big one. totalCapBTC for the Aave v4 application is fixed at exactly 10 BTC across every user on the entire public testnet. Per address the limit is 0.4 BTC and no single vault can hold more than that either, with a maximum of 10 vaults per position. Not a technical ceiling, a deliberate one, kept tight while the design gets exercised before mainnet exposure grows.
Underneath that cap sits the BABE cut and choose step, which generates 307 garbled circuit instances at every peg in. Only 6 are kept back for dispute resolution later. The other 301 get revealed right away just to prove the construction was built honestly. That ratio says a lot about where the security budget actually goes before a single satoshi moves.
Liquidation parameters follow the same tightly bounded pattern. Target health factor sits at 1.24, which the docs translate to roughly 62 percent of BTC value seized once a position crosses the 1.0 liquidation threshold. Liquidation fee is fixed at zero, since a Bitcoin UTXO cannot be partially extracted the way a normal Aave fee structure assumes.
BABY today Aug 5. Price near $0.01135. Market cap close to $44.38M. Volume sitting around $7.42M.
Curious whether that 10 BTC total cap moves before mainnet or gets tested at this size for a while longer.
#baby $BABY @BabylonLabs_io
Underneath that cap sits the BABE cut and choose step, which generates 307 garbled circuit instances at every peg in. Only 6 are kept back for dispute resolution later. The other 301 get revealed right away just to prove the construction was built honestly. That ratio says a lot about where the security budget actually goes before a single satoshi moves.
Liquidation parameters follow the same tightly bounded pattern. Target health factor sits at 1.24, which the docs translate to roughly 62 percent of BTC value seized once a position crosses the 1.0 liquidation threshold. Liquidation fee is fixed at zero, since a Bitcoin UTXO cannot be partially extracted the way a normal Aave fee structure assumes.
BABY today Aug 5. Price near $0.01135. Market cap close to $44.38M. Volume sitting around $7.42M.
Curious whether that 10 BTC total cap moves before mainnet or gets tested at this size for a while longer.
#baby $BABY @BabylonLabs_io