$BABY Sitting here on August 5 watching the countdown to the next unlock and trying to pull all my Babylon notes into one place. #baby Five days out, 136.11M BABY drops on August 10, roughly $1.44M in fresh float, about 1.2% of circulating supply — one of 36 monthly tranches running through April 2029. Circulating is already near 2.6B, staking ratio hovers around 26%, inflation is running near 8% annually.
TVL sits around $5.6B with 57k+ BTC locked across 200+ finality providers, though the April unstaking that took $1.3B out in days is still fresh in my memory. Multi-staking testnet is live this month, mainnet targeted for October, letting one UTXO secure multiple BSNs better capital use, but correlated slashing risk stacks quietly underneath. Double-sign is 5% on #BABY , 0.1% on BTC delegations, and the two systems still aren't the same thing no matter how often people mash them together.
The @BabylonLabs_io BSN buyback-auction-burn is elegant on the whiteboard. But until the auction contract address, cumulative bids, and net burn show up as a public ledger anyone can verify, it stays a promise. Programmatic Deflation passed governance passed, not printed.
If October multi-staking mainnet goes live cleanly, does that finally turn on real BSN fees, or do we spend another year watching TVL grow while burn stays cosmetic?
TVL sits around $5.6B with 57k+ BTC locked across 200+ finality providers, though the April unstaking that took $1.3B out in days is still fresh in my memory. Multi-staking testnet is live this month, mainnet targeted for October, letting one UTXO secure multiple BSNs better capital use, but correlated slashing risk stacks quietly underneath. Double-sign is 5% on #BABY , 0.1% on BTC delegations, and the two systems still aren't the same thing no matter how often people mash them together.
The @BabylonLabs_io BSN buyback-auction-burn is elegant on the whiteboard. But until the auction contract address, cumulative bids, and net burn show up as a public ledger anyone can verify, it stays a promise. Programmatic Deflation passed governance passed, not printed.
If October multi-staking mainnet goes live cleanly, does that finally turn on real BSN fees, or do we spend another year watching TVL grow while burn stays cosmetic?