One detail about @BabylonLabs_io that nobody's really talking about...
the tech setup is clean -- no wrapped btc no bridges pure taproot + EOTS slashing. inflation cut down to 5.5% on 10B BABY and rewards split between BTC & BABY stakers.
the real disconnect is who holds the risk vs who holds the power.
BTC stakers lock actual bitcoin take on real slashing risk and provide the entire economic security. yet ZERO voting rights. all protocol upgrades inflation tweaks and parameters are still 100% controlled by BABY token holders.
even with BSNs burning BABY for security you have security providers taking all the capital risk without any say in where the protocol goes.
wonder if team has ever addressed giving BTC stakers voting power down the road or if this split is permanent.
@BabylonLabs_io #baby $BABY
the tech setup is clean -- no wrapped btc no bridges pure taproot + EOTS slashing. inflation cut down to 5.5% on 10B BABY and rewards split between BTC & BABY stakers.
the real disconnect is who holds the risk vs who holds the power.
BTC stakers lock actual bitcoin take on real slashing risk and provide the entire economic security. yet ZERO voting rights. all protocol upgrades inflation tweaks and parameters are still 100% controlled by BABY token holders.
even with BSNs burning BABY for security you have security providers taking all the capital risk without any say in where the protocol goes.
wonder if team has ever addressed giving BTC stakers voting power down the road or if this split is permanent.
@BabylonLabs_io #baby $BABY