@BabylonLabs_io’s self-custodied BTC minting of USDB bypasses centralized custodial risk, but redemptions are still affected by code and cross-chain communications. The real test comes during a chain-reaction market crash: can the oracle survive, and can liquidation complete its exit before you get liquidated? $BABY uses fees to repurchase and burn—provided USDB has real transaction flow backing it; otherwise it’s just bookkeeping. After the project goes live, I’ll only watch the overcollateralization ratio and the drawdown data to decide life or death. #baby