I'm supporting @babylonlabs_io' proposal & here's why it matters👇 ➠ Cutting inflation from 8% ⇢ 5.5% which reduces sell pressure and makes the token more sustainable longterm ➠ With $5.9B in $BTC already staked, they don't need to keep paying high emissions to bootstrap growth anymore The costaking mechanism creates actual demand for $BABY tokens from BTC stakers who want better yields. Every 20K BABY staked makes 1 BTC eligible for an extra 2.35% APR. This is how you mature tokenomics. Bootstrap with high emissions, then once you have traction, cut inflation and tie rewards to actual participation. Most projects never make this transition and just inflate forever until the token is worthless.
BABY tokenomics is about to change significantly in 72 hours: - 30% inflation reduction. - Introducing BTC-BABY co-staking. Along with the BTC stake extension upgrade Governance proposal is live , voting will end in 72 hours. Details below👇
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