Staking your tokens is a great way to participate in network security and get rewards. In this guide, we’ll walk you through staking BABY tokens on the Babylon Genesis chain using Leap Wallet, both the Chrome extension and the mobile app. Whether you’re new to staking or just need a quick tutorial, this guide will help you get started.
What is BABY?
BABY is the native token of the Babylon Genesis network — the first Bitcoin Supercharged Network (BSN) to leverage Bitcoin’s security and serves as the control plane for security and liquidity orchestration for future BSNs. BABY serves as the gas token for Babylon Genesis; these tokens also play a key role in securing the network and are used for staking, governance, and interacting with the Babylon ecosystem.
Staking BABY tokens lets you:
- Support the Babylon Genesis network’s decentralization and security
- Get rewards for participating in consensus
- Have voting power in the chain’s governance to help shape the future of the network.
By delegating your BABY tokens, you contribute to the future of Bitcoin Supercharged Networks (BSNs) while maintaining custody of your assets.
What is Leap Wallet?
Leap Wallet is a non-custodial, user-friendly wallet for the Cosmos ecosystem. It allows you to easily manage your assets, connect to dApps, and stake your tokens across multiple chains — including Babylon Genesis.
Leap is available as a browser extension and a mobile app.
How to Stake BABY via Leap Wallet’s Chrome Extension
If you prefer to use a browser for staking, let’s go through these steps.
Step 1. Create and Set Up Leap Wallet
First, download the Leap Wallet Chrome extension and create your wallet. If you need help, refer to this Leap setup guide with screenshots.
Step 2. Choose the Babylon Genesis Network
- Click the top right corner of the wallet.
- Use the search bar to type Babylon and select Babylon Genesis from the list.
You now have your Babylon Genesis wallet address.
Step 3. Add BABY Tokens
- Transfer BABY tokens to your Babylon Genesis wallet address.
- You’ll need tokens in your wallet to proceed with staking.
Step 4. Stake Your BABY
- Click on Stake.
- Enter the amount of BABY tokens you want to stake.
- Choose your validator (choose Everstake).
- Review all staking details.
- Once everything looks good, click Confirm.
That’s it! You’ve successfully staked your BABY tokens.
In the Stake menu section, you can manage your delegations – stake more, claim rewards, unstake, change your validator, etc.
How to Stake BABY via Leap Wallet Mobile App
Follow these easy steps to stake your tokens using your smartphone.
Step 1. Create and Set Up Leap Wallet
- Download the Leap Wallet mobile app from the App Store or Google Play.
- Set up your wallet and save your recovery phrase securely. You can refer to our setup guide for help.
Step 2. Choose the Babylon Genesis Network
- Click on the top right corner.
- Search for Babylon, and select the Babylon Genesis network. You now have your wallet address for Babylon Genesis.
- Transfer BABY tokens to your mobile wallet.
Step 3. Stake Your BABY
- Tap the Stake tab from the bottom menu.
- Make sure Babylon Genesis is selected.
- Tap the green Stake button.
- Enter the amount of BABY you want to stake.
- Select a validator (choose Everstake).
Click Confirm Stake — and you’re done! Your BABY tokens are now staked.
You can use the Stake menu to stake more tokens, claim your staking rewards, unstake, or redelegate as needed.
Last words
Staking BABY via Leap Wallet is simple and secure for everyone. Whether you prefer a desktop browser or a mobile device, Leap provides a smooth experience for interacting with the Babylon Genesis network.
If you are ready, use this guide and stake your tokens with us!
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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.
