[Babylon Community Proposes Reducing BABY Token Inflation Rate by Approximately 30% and Introducing BTC-BABY Joint Staking Functionality] The Bitcoin staking protocol Babylon's community recently released a new proposal titled 'Reduce Inflation and Introduce Joint Staking,' aimed at adjusting the BABY tokenomics, including reducing inflation and introducing BTC-BABY joint staking. The proposal suggests reducing the inflation rate by approximately 30%, from 8% per year to 5.5% per year, with the specific allocation as follows: ① 1% allocated to Bitcoin (BTC) stakers, with finality providers allowed to charge commissions; ② 2% allocated to BABY stakers, with CometBFT validators allowed to charge commissions; ③ An additional 2.35% allocated to BTC stakers who simultaneously stake BTC and BABY as joint staking rewards. For every 20,000 BABY staked, 1 staked BTC becomes eligible for joint staking rewards; ④ Due to limitations of the Cosmos SDK, finality providers and CometBFT validators cannot charge commissions from joint staking rewards. To compensate for this limitation, 0.075% is allocated to active finality providers based on delegation size, and 0.075% is allocated to active CometBFT validators based on delegation size. Once a trustless Bitcoin custody protocol is ready, the tokenomics should be revisited and adjusted to promote the adoption of the protocol. Additionally, the proposal suggests introducing BTC-BABY joint staking functionality to encourage BTC stakers to also stake BABY and actively contribute to providing security for validation and finality. The more BABY staked, the greater the joint staking rewards earned.