$BABY dropped again this week, down around 14% over the last 7 days, while its market cap is close to $44M. At the same time, the protocol still secures billions of dollars worth of BTC.
One thing really stood out to me while learning about @babylonlabs_io
The EOTS security system doesn't depend on the price of $BABY. If a Finality Provider double signs, the cryptographic proof exposes the private key and the locked BTC can be slashed directly on Bitcoin. Whether $BABY goes up or down, this ...
While reading through Babylon docs, I noticed something that seems obvious once you understand it, but could easily confuse someone using the protocol for the first time.
A Bitcoin staking transaction can be confirmed on-chain without the stake being fully active yet.
That gap matters. Most of us are used to thinking that once a transaction is confirmed, the process is basically done. With Babylon, there can still be another stage before the stake starts participating, depending on the requir...