●Participants question the incentive to deposit BTC under current conditions
Discussions within trader circles have highlighted growing skepticism regarding Babylon's bitcoin staking protocol. Participants note that the native token $BABY has been on a sustained downward trend since launch, and the real APR has reportedly dropped below 1%.
Given the diminishing returns and price action, some market participants are questioning the viability of depositing Bitcoin into the protocol, suggesting the current risk-reward ratio may no longer be attractive.