Co-staking mechanics reveal significant structural issues. The protocol demands 20,000 tokens per BTC locked, which sounds straightforward until you check the math. Currently 57,759 BTC sits staked, theoretically requiring 1.155 billion tokens to maintain this position. Reality: only 690 million tokens circulate. That leaves a 465 million token gap just to keep existing stakes intact—before anyone adds fresh capital.

Price action reflects these constraints. Down 96% and trading near $0.0172, the token faces supply-side headwinds that integration announcements like Aave v4 compatibility struggle to offset. When mechanism design demands more than what exists, velocity and holder confidence both suffer.