I was spending some time reading through @BabylonLabs_io staking docs during the $BABY campaign, and one point kept coming back to me.
The idea of keeping your $BTC in self-custody is important. Your Bitcoin stays on the Bitcoin network, and you don’t give up control of your assets.
But there is another layer that is easy to miss.
When you stake, you still need to choose a Finality Provider. If that provider double signs, your stake can face a 5% slash. It is a limited penalty and everything is transparent on-chain, but the choice of provider still matters.
That made me think differently about staking. The biggest risk is not always where your assets are stored. Sometimes it is about who you trust to participate on your behalf.
Self-custody gives you control, but delegation requires careful decisions.
For anyone using Babylon staking, what is the first thing you would look at before choosing a Finality Provider?
#baby
The idea of keeping your $BTC in self-custody is important. Your Bitcoin stays on the Bitcoin network, and you don’t give up control of your assets.
But there is another layer that is easy to miss.
When you stake, you still need to choose a Finality Provider. If that provider double signs, your stake can face a 5% slash. It is a limited penalty and everything is transparent on-chain, but the choice of provider still matters.
That made me think differently about staking. The biggest risk is not always where your assets are stored. Sometimes it is about who you trust to participate on your behalf.
Self-custody gives you control, but delegation requires careful decisions.
For anyone using Babylon staking, what is the first thing you would look at before choosing a Finality Provider?
#baby