How do I stake BABY?

Stake your BABY with Atomic Wallet to earn interest on your deposit! In this article, we’ll walk you through everything you need to know to start staking your BABY and earning rewards.

Contents

Getting started with staking

Staking is a simple and straightforward way to earn rewards on your crypto assets.nstead of just keeping your BABY balance idle, you delegate it and earn passive income. But where do the rewards come from?

By staking BABY, you're supporting the Babylon network by helping secure its infrastructure. Validators play a critical role in confirming transactions on the Babylon chain. In return, they receive fees and protocol rewards, a portion of which is shared with you for delegating your BABY to them.

BABY 101: the things you need to know

First reward
~1 day

Regular rewards
Daily

Yearly yield
Varies depending on validator performance (approximately 30%)

  • You’ll have to pay a network fee every time you want to stake, claim some rewards, or unstake your BABY. Make sure to leave some small BABY amount (that is, at least 0.0006) on your available balance, so that you can pay the fees. Otherwise, you won’t be able to either claim your rewards or unstake your coins. For more details about the network fees, see Does Atomic Wallet charge any additional transaction fees
  • Your BABY deposit will be frozen throughout the staking period. Your BABY will be delegated to a staking pool, which means that these coins won’t be counted towards your total balance. Also, you won’t be able to transfer or swap them.
  • Minimum staking amount: 1 BABY.
  • Unstaking takes 21 full days. Once you click or tap the Unstake button, your deposit will be frozen for 21 more days. After the unstaking period is over, your coins will be deposited to your address. Your BABY won’t be earning any interest over the waiting period.
  • Validator selection: You can choose your preferred validator or go with the default one selected by Atomic Wallet.
  • Delegating to multiple validators means rewards and unstaking must be handled separately for each one.

How to stake BABY in your Atomic Wallet app

  1. Click Staking on the left sidebar;
  2. Select BABY;
  3. Click  Stake BABY;
  4. Decide on the amount to stake; 

    Note: You'll need to leave a tiny part of your BABY unstaked on your address to be able to claim rewards/unstake BABY. You aren't paying fees to Atomic Wallet. A network fee is charged for processing and confirming transactions on the Babylon blockchain. 

  5.  Select a validator (if applicable). Atomic Wallet's validator is selected by default;

  6. Once you're all set, click Stake;

    Before proceeding, please note that there's no way to cancel the staking transaction, and unstaking takes 21 full days in case of BABY. That's the way the blockchain itself operates, which means we won't be able to speed up the process for you.


  7. Then enter your password and click Confirm.

    Once the transaction is confirmed, your BABY will be delegated and start earning rewards. You can check the hash of your staking transaction on the block explorer. You can monitor the staking status and validator info in the staking section of your wallet.
  1. Select: Staking tab in the bottom panel;
     

  2. Tap and select or type:      BABY; 

  3. Tap ' Stake';

  4. Decide on the amount to stake;

    Note: You'll need to leave a tiny part of your BABY unstaked on your address to be able to claim rewards/unstake BABY. You aren't paying fees to Atomic Wallet. A network fee is charged for processing and confirming transactions on the Babylon blockchain. 

  5. Select a validator (Atomic Wallet's validator is selected by default).

  6. Once you're all set, click Stake;
  7. Enter your password and click Confirm;
  8. That's it, your BABY deposit is now staked! 

Staking rewards

You’ll start receiving rewards approximately one day after staking. Your rewards will accumulate daily and will be visible on the staking screen.

You can claim your rewards whenever you like—they won’t expire.

Note: Claiming rewards is a blockchain transaction, so a small network fee will apply every time you claim. This fee varies depending on the current network conditions and is not charged by Atomic Wallet.

If you've staked BABY with different validators, rewards will accumulate separately for each one. You’ll need to claim from each validator individually.

Unstaking

Please note: After staking, your BABY is locked for a full 24 hours before you can initiate unstaking.

Also, 1 BABY must always remain staked due to blockchain rules. When planning to unstake, make sure you leave at least 1 BABY behind, or your transaction will be rejected.

How to unstake your BABY

  1. Go to the BABY staking screen;
  2. Click Unstake;
  3. Enter the amount to unstake and confirm.

After confirming, your BABY will stop earning rewards and will appear as Pending withdrawal.

Your BABY will become withdrawable after approximately 21 days. This delay is enforced by the Babylon blockchain and cannot be bypassed or expedited.

When will my BABY be available for withdrawal?

Once you click Unstake, your request is recorded on the Babylon blockchain. From there, it takes about 21 days for the network to unlock your funds.

You can track the progress of your unstaking by checking your staking status in the app. Once the countdown completes, your BABY will appear under Available withdrawal—you’ll just need to click Withdraw to move the funds back to your balance (note that a small network fee applies).

Still have questions?
Feel free to contact us at support@atomicwallet.io. We're here to help!

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