Study Flywheels... and you will get the exact script behind a possible token price growth
Here're some of the token flywheels i shared in recent times 🧵
1/ @maplefinance ( $SYRUP )
2/ @initia ( $INIT )
3/ @grass ( $GRASS )
4/ @MakerDAO ( $MKR )
5/ @aave ( $AAVE )
6/ @AIWayfinder ( $PROMPT )
7/ @babylonlabs_io ( $BABY )
Thoughts on $BABY Flywheel
(The Clear Case of Potential Speculative Demand)
$BABY is one of the most important token launches of recent times, which most of you have faded, I'm pretty sure.
Babylon, the project behind $BABY, managed to get over $4.6B worth of BTC staked through its staking layer, including Bitcoin LST @Lombard_Finance.
They are building a supply side of staked BTC, which is going to be used to secure L1/L2 networks.
Bitcoin-secured chains would be called BSNs.
The first BSN is being launched and it’s called Babylon Genesis, which would also work as a coordination and DA layer for other BSNs.
Around $73M worth of BTC has been staked to Babylon Genesis so far—it's the first L1 secured by Bitcoin.
People who staked BTC to Babylon Genesis will get rewards in $BABY — the yield you get on BTC would eventually come from BSNs.
BSNs would provide protocol rewards to BTC stakers. $BABY demand would come from more onchain activities on Babylon Genesis, as it’s a gas token used by other BSNs through integration with Babylon Genesis, apart from its own ecosystem-side activities.
Babylon will charge some fees to BSNs to use coordination services like timestamping and bridging. That part of revenue would be distributed to $BABY stakers.
The core demand for $BABY is coming from the protocol yield it could potentially generate from the activities on Babylon Genesis — Babylon Genesis has 3 demand stages: coordination plane for BSNs, integration with BSNs, and its own DeFi ecosystem.
The $BABY flywheel will become fluid when the demand for Bitcoin staking keeps rising. That would happen when staking yield keeps flowing, which would happen when more BSNs join the network. And if more BSNs join the network, it would create staking demand for $BABY, as $BABY stakers could earn protocol rewards from both Babylon Genesis and other BSNs too.

8/ @ParticleNtwrk ( $PARTI )
9/ @SonicLabs ( $S )
I hope you enjoyed reading this thread.
If you appreciate my work, please like, share, and repost the tweet below
27.51K
115
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.