$BABY Something I keep chewing on after watching the staking numbers this summer: the staking ratio on @BabylonLabs_io is sitting around 26% while inflation quietly keeps printing. That gap is the part almost no one wants to look at directly. If you're not staking, you're being diluted by the ones who are, and the "rewards" you earn as a staker are mostly just you catching your own share of the emissions before someone else does.
It's like a bar tab where everyone chips in, but only the people who signed the sheet get a drink. The rest still paid.
The BSN buyback-and-burn is supposed to fix this by pulling real external value in, but until external fees consistently outrun new issuance, the burn is cosmetic. TVL keeps climbing, headlines keep flowing, and the float keeps expanding underneath.
I'm not bearish on the tech. I'm just watching whether net supply actually turns negative on-chain, not in a forum post.
At what monthly burn-to-emission ratio would you consider #baby genuinely deflationary?
It's like a bar tab where everyone chips in, but only the people who signed the sheet get a drink. The rest still paid.
The BSN buyback-and-burn is supposed to fix this by pulling real external value in, but until external fees consistently outrun new issuance, the burn is cosmetic. TVL keeps climbing, headlines keep flowing, and the float keeps expanding underneath.
I'm not bearish on the tech. I'm just watching whether net supply actually turns negative on-chain, not in a forum post.
At what monthly burn-to-emission ratio would you consider #baby genuinely deflationary?