Fixed-rate cooperation between Babylon and Aegis, timed to the point when sensitivity to floating interest rates rises. The TBV from @BabylonLabs_io keeps on-chain verification costs down to the tens-of-dollars range, and reduces off-chain storage costs by three orders of magnitude—these are the economic prerequisites for those collaborations. Risks can’t be avoided: the verification mechanism relies on an honest assumption, it hasn’t been tested against large-scale attacks, and regulatory classification remains unclear. The key of $BABY is whether, after the cooperation, the amount locked up and the number of lending/borrowing transactions can grow to support it; otherwise, the cost advantage is still just a cost advantage. #baby