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Staking your BABYLON (⏳,⏳)
Staking allows you to get a compounded amount of sBBY based on the amount of BBY staked in a 1:1 ratio. After getting the sBBY (for the amount of BBY deposited), extra BBY is given to those holding sBBY after eight Simanus.

How to Get BBY using Mac or PC:

  1. 1.
    For ease you can get it directly though here.
  2. 2.
    Go to Raydium, while there, paste the contract address of BBY to be sure you're swapping for the right token.
  3. 3.
    Select the input currency of choice. It's recommended to use USDC to put slippage to a minimum.
  4. 4.
    Select the amount of BBY you want to swap for. Then click "Approve" and sign the transaction.
  5. 5.
    After the "Approve" transaction has been processed successfully, click "Swap" and sign the transaction.
  6. 6.
    You should see BBY in your wallet balance after the swap transaction is successful. If you cannot find it in your wallet, add BBY contract address to your wallet.

How to Stake:

  1. 1.
    Go to the Babylon website, while on there go to the stake tab.
  2. 2.
    Enter the amount of BBY you would like to stake in the input field. If you would like to stake all your BBY, press the "Max" button and the input field will display your total BBY balance.
  3. 3.
    Click "Approve" and sign the transaction
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Stake" and sign the transaction. Just like that, you've successfully staked!

How to Unstake:

  1. 1.
    Go to the Babylon website, while on there go to the unstake tab.
  2. 2.
    Enter the amount of sBBY that you would like to unstake in the input field. If you would like to unstake all your sBBY, press the "Max" button and the input field will display your total sBBY balance.
  3. 3.
    Click "Approve" and sign the transaction.
  4. 4.
    After the "Approve" transaction has been processed successfully, click "Unstake" and sign the transaction.
Note: The "Approve" transaction is only needed when staking/unstaking for the first time; subsequent staking/unstaking only requires you to perform the "Stake" or "Unstake" transaction.

Reading the info

VISUAL COMING SOON
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since sBBY rebases exponentially.
TVL measures the dollar amount of all the staked BBY in Babylon.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any BBY, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your sBBY balance has increased.
Your Balance tells you how many unstaked BBY are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked BBY are in your wallet. This is the maximum amount that you can unstake.
Next Rebase tells you the remaining time until the next rebase.
Reward Yield tells you how much your sBBY balance will increase when the next epoch begins. For example, if you stake 100 BBY and the upcoming rebase is 0.5427%, your sBBY balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your sBBY balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 BBY and the rate is 8.4577%, your sBBY balance would increase from 100 to 108.4577 after 5 days.