The Babylon Genesis network is live, and with it comes the opportunity to stake your BABY tokens and start getting rewards. In this article, you’ll easily learn how to stake BABY using the Keplr Wallet. This step-by-step guide will walk you through everything from setting up your Keplr Wallet to selecting a validator, including why Everstake is a great choice.
What is BABY?
BABY is the native utility and staking token of the Babylon Genesis network—a cutting-edge blockchain that leverages Bitcoin’s unparalleled security to enhance Proof-of-Stake (PoS) systems. The Babylon protocol bridges the gap between Bitcoin and PoS chains by enabling Bitcoin timestamping and finality for PoS networks. Even chains not built directly on Bitcoin can benefit from its security.
BABY plays a critical role in this ecosystem. It is used to:
- Secure the network through staking;
- Participate in governance decisions;
- Get staking rewards by delegating tokens to trusted validators.
By staking BABY, users help maintain the network’s decentralization and stability, while also getting staking rewards. As Babylon evolves, BABY will become increasingly central to its security model and governance, making early participation a potentially valuable opportunity
What is Keplr Wallet?
Keplr Wallet is one of the most widely used non-custodial wallets for the Cosmos ecosystem. It’s a browser extension (also available in mobile form) that allows users to interact with dozens of Cosmos-based blockchains, including Babylon Genesis.
With Keplr, you can:
- Create and manage blockchain accounts;
- Securely store and transfer tokens;
- Stake assets with validators across multiple networks;
- Vote on governance proposals;
- Connect to decentralized applications (dApps) directly from the browser.
Once the extension is installed and your wallet is set up, you can connect to the Babylon Genesis network, delegate BABY to a validator of your choice (like Everstake), and start getting rewards in a few clicks.
How to Stake BABY via Keplr App?
This step-by-step guide will walk you through everything from setting up your Keplr Wallet to selecting a validator, including why Everstake is a great choice.
Step 1: Set Up Your Keplr Wallet
- Install the Keplr Google Chrome extension.
- Create a new wallet or import an existing one.
- Add the Babylon Genesis network.
- Top up your wallet with BABY tokens.
Step 2: Connect Your Wallet
- Head to the Babylon Genesis staking page in the Keplr app.
- Click Connect Wallet.
- Enter your password when prompted.
Step 3: Choose a Validator
- Scroll down to see the list of validators.
- You can either click Start Staking or type Everstake into the search bar for quicker access.
Step 4: Select Everstake
Choose Everstake as your validator.
Everstake is one of the Genesis Validators on Babylon. With a proven track record of reliability, security, and support across the Cosmos ecosystem, Everstake is a trusted partner for staking BABY.
Step 5: Stake Your BABY Tokens
- Check Everstake’s validator details.
- Click Stake.
- Enter the amount of BABY tokens you want to delegate.
Note: It takes approximately 1 hour for your delegation to be finalized.
- Approve the staking transaction in your Keplr Wallet, and it’s done!
Success! You’ve staked your BABY tokens with Everstake.
Remember to come back regularly to claim your staking rewards.
Conclusion
Staking BABY via Keplr is quick, simple, and secure. By staking with a reliable validator like Everstake, you not only receive rewards but also contribute to the health and security of the Babylon Genesis network.
Start staking today and be part of Babylon’s innovative journey!
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Everstake is a software platform that provides infrastructure tools and resources for users but does not offer investment advice or investment opportunities, manage funds, facilitate collective investment schemes, provide financial services, or take custody of, or otherwise hold or manage, customer assets. Everstake does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency, or associated funds. Everstake’s provision of technology services allowing a user to stake digital assets is not an endorsement or a recommendation of any digital assets by it. Users are fully and solely responsible for evaluating whether to stake digital assets.
