Babylon's liquid staking setup and honestly the thing that stuck was smaller than I expected.
Checked the price feed mid task $BABY printed a fresh all time low $0.01043 on Aug 4. Zoomed out to see if that shook anything structural It didn't.
The $BABY LST list sat exactly where it was before the dip. Turns out those aren't just any LST can plug in integrations they're named recognized partners. Same pattern on the BTC side with Lombard Solv Bedrock.
So the default pitch is permissionless liquid staking.
What's actually running is a curated shortlist decided somewhere upstream of whatever the price chart is doing.
Whoever's on that list gets liquidity and visibility first everyone else waits.
Grabbed my snack thinking this was a yield story.Turned into a gatekeeping story instead.
@BabylonLabs_io makes me wonder how a new LST provider actually earns a spot on that list. Vote deposit quiet handshake?
#baby
Checked the price feed mid task $BABY printed a fresh all time low $0.01043 on Aug 4. Zoomed out to see if that shook anything structural It didn't.
The $BABY LST list sat exactly where it was before the dip. Turns out those aren't just any LST can plug in integrations they're named recognized partners. Same pattern on the BTC side with Lombard Solv Bedrock.
So the default pitch is permissionless liquid staking.
What's actually running is a curated shortlist decided somewhere upstream of whatever the price chart is doing.
Whoever's on that list gets liquidity and visibility first everyone else waits.
Grabbed my snack thinking this was a yield story.Turned into a gatekeeping story instead.
@BabylonLabs_io makes me wonder how a new LST provider actually earns a spot on that list. Vote deposit quiet handshake?
#baby