Honestly, I went in looking at co‑staking yields. But July 10 stopped me cold.

It's not the unlock itself — it's that the vesting schedule doesn't care about anything. Every month, 2.5% of supply hits the market, no matter what. Meanwhile, the co‑staking demand I looked at? Most of it is one‑time: validators stake BABY just to qualify for BTC delegations, then stop buying. There's no recurring demand built in.

So you've got two clocks: a mechanical supply release that keeps ticking, and an adoption flywheel that's still slowly turning. One doesn't wait for the other.

Not a knock on the team — they've tweaked inflation lower. But right now, the unlock curve is running ahead of the demand curve. That's the awkward part of early projects: exit mechanics are already scheduled, but product adoption is still proving itself.

That's what stuck with me. Not the number — the mismatch.

@BabylonLabs_io #baby $BABY