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Babylon Protocol’s valuation doesn’t match its fundamentals at all.
> $5.93B TVL
> $196M FDV
> total raised: $103M
> TVL-to-FDV ratio: 30x
> DeFi TVL holding strong
> recently raised $15M from a16z
$BABY is the only BTC DeFi protocol still holding multi-billion TVL without a major drop.