I went looking for how Babylon handles staking commissions and ended up down a different rabbit hole about their newer vault product called TBV. The staking side is simple. Finality providers take a cut before rewards reach you and that cut sits on chain where anyone can check it before choosing a delegate. TBV works nothing like that. Babylon built it so any custodian or exchange can spin up its own frontend using Babylon's SDK and charge whatever it wants at vault creation and again on every bit of DeFi activity after. None of that fee logic lives inside Babylon's own code. It lives with whoever built the door you walked through. Then I noticed the vaults themselves are segregated per user with no partial exit. Whole vault in whole vault out. Pick a provider and you are stuck with their pricing until full closure. Babylon's own community keeps asking why BABY struggles to capture value tied to actual usage. Put those three things together and the answer stops looking like a communications problem and starts looking like an architecture choice. #baby $BABY @BabylonLabs_io