My view is very direct: @BabylonLabs_io This time, what is truly worth breaking down isn’t the TBV locked-in amount, but that Genesis chain built with CosmosSDK. As the control plane of the BSN, it’s meant to handle the dirty work for $BTC involving tasks without smart contracts—tracking state, distributing $BABY , coordinating security in batches for consumption chains, and even using Bitcoin timestamps to fend off long-range attacks. This isn’t just one chain; it’s the foundational infrastructure for reconfiguring the liquidity of the big pie. #baby